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Governor: CBK taking steps to stem depreciation of Kenya shilling

The worrying decline of the Kenyan Shilling, yesterday forced out Central Bank of Kenya (CBK) governor Dr Patrick Njoroge from a self-imposed hiatus to give the strongest assurance yet that the local currency will claw back lost value against the dollar in the coming months.

The governor assured the local money market that an improved image of the country on the global stage and a positive outlook by the private sector, will improve how the shilling behaves in the coming months.

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CBK Njoroge