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Imported items to cost more as Kenya shilling slips to three-year low

NAIROBI: The shilling weakened to a new three-year low Monday as traders said they were watching for any action the Central Bank might take to support the currency.

Commercial banks quoted the shilling at 93.15/35, compared with 92.95/93.05 at Friday’s close. The shilling was last at that level in November 2011.

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