Tuesday, February 28, 2012

Kenya shilling gains, eyes ICC reactions

A currency dealer counts Kenya shillings at a money exchange counter in NairobiNAIROBI (Reuters) - The Kenyan shilling strengthened against the dollar on Tuesday as clients shed long dollar positions they had taken ahead of an International Criminal Court (ICC) ruling on crimes against humanity during post-election violence in 2007/08. Traders said the shilling could firm further aided by dollar inflows from the farm sector and diaspora remittances coupled with continued tightening of liquidity by the central bank. At 0747 GMT, commercial banks quoted the shilling at 85.70/90 against the dollar, stronger than Monday's close of 86.00/30. ...


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