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Shilling set to breach 160 to the dollar in fresh consumer pain

Banks were selling the greenback at up to Sh157 on Thursday as demand spiked. [iStockphoto]

The value of the Kenyan Shilling is expected to surpass 160 against the dollar, leading to further financial distress for consumers.

The shilling reached an unprecedented new low against the dollar last week due to a surge in demand for the greenback.

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