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Pressure on shilling as cash in dollar accounts surges to Sh892b

Kenya is struggling with a shortage of dollars. [iStockphoto]

Cash held by Kenyans in dollar accounts surged to a high of Sh891.5 billion in June as the country continued to grapple with a shortage of the greenback.

This was a 17.3 per cent increase compared to Sh760.3 billion that was in the foreign currency deposits by end of June 2021, latest data from the Central Bank of Kenya (CBK) shows.

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