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All eyes on Central Bank as shilling nears Sh88 mark

All eyes on Central Bank as shilling nears Sh88 mark
Central Bank of Kenya Governor Njuguna Ndung’u. (Photo:Standard)

Nairobi, Kenya: The Kenyan shilling tested the psychologically important Sh88 per US dollar level in early trading Tuesday, turning market attention to the Central Bank of Kenya (CBK).

The banking sector regulator had a day earlier said it was ready to defend the under-pressure currency against volatility.

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