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Njoroge tells off IMF over shilling value

A currency dealer counts Kenya shillings at a money exchange counter in Nairobi October 23, 2008. The Kenya shilling breached the important 80.00 level on Thursday reaching a near four-year low, despite assurances by the central bank, due to demand for dollars. At 0800 GMT, commercial banks traded the unit at 80.10/20 against the dollar compared with 79.40/50 at the close of trade on Wednesday. [REUTERS/Antony Njuguna]

The Central Bank of Kenya has denied claims by the International Monetary Fund that the Kenyan shilling is overvalued.

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