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      Home Kenya

      Kenya Shilling Regains Strength: Development Loans, Other CBK Measures Propping Up Local Currency

      admin by admin
      February 13, 2024
      in Kenya
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      • Kenya shilling continued to strengthen against the US dollar, exchanging at KSh 156.5 on Tuesday, February 13
      • The 2.19% appreciation came barely a week after the Central Bank of Kenya (CBK) strengthened its monetary policy, raising the interest rate to 13%
      • Market analysts noted that the continued inflow of foreign currency is the key factor propping up the shilling against the US dollar



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