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The Standard e-Paper
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Battered by inflation for decades, defiant Sh1 coin refuses to die

A shopper at a supermarket in Nairobi. Customers rarely get Sh1 coin change.

If you were around in 1973 and a loyal customer of this paper, then known as East African Standard, you probably remember buying it at 50 cents. Today, you might have bought it at Sh60, an increase of 10,000 per cent.

This surge in the price of this newspaper has nothing to do with profiteering. In fact, since 1973, prices of all goods and services in the country have increased by more than 13,000 per cent, violently shoving 10 and 5 cent coins into oblivion.

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