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Panic dollar buying drives shilling to another record low

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The shilling exchanged at an average of 130.9941 on Thursday against the dollar. [iStockphoto]

The shilling slumped to an all-time low against the dollar on Thursday on increased demand for the greenback, traders said.

This came a day after President William Ruto assured the government would resolve the dollar crisis to avert an economic crisis.

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