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Tuesday, March 10, 2015

Will The Kenya Shilling Start Recovering This Week?

Top analysts believe that the Kenya shilling will this week start showing signs of strengthening after months of steady (and sometimes dramatic) decline against the dollar.

They attribute this to the continued decline in crude oil prices and expected further action from the Central Bank in mopping up excess liquidity and making it less attractive for people to hold onto the dollar.

Other analysts however point to the strengthening dollar as a factor that should put increased pressure on East Africa's strongest currency.
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