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Digital News

Shilling weakens to record low

By Standard Digital | Sep. 23, 2011

Brace yourself for an exchange rate of 100 shillings to the dollar with all indications being that the Kenyan currency will slide past the record mark. The unit jumped past the 99 shilling point in trading today as concerns continue to be raised about the state of the global economy. Prices of most imported goods including petroleum and key foodstuffs are expected to head north steeply as importers hedge against the unfavorable exchange rate.

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