Friday, February 24, 2012

Kenya shilling firms vs dollar on c.bank repo

A currency dealer counts Kenya shillings at a money exchange counter in NairobiNAIROBI (Reuters) - The Kenyan shilling firmed 0.8 percent against the dollar on Monday after the central bank said it was looking to mop up $52 million through repurchase agreements. The Central Bank of Kenya has been busy taking out liquidity and selling dollars to support the shilling, which has fallen more than 3 percent against the greenback so far this year. Traders expect dollar demand from importers, in particular the energy sector, to put further pressure on the shilling before the end of the month. ...


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