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Kenya:
Who Is to Blame for Fall of the Shilling
Nation, 3 October 2011
In an attempt to explain the free fall of the shilling, a large portion of blame is being heaped on forex dealers for their raw pursuit of profit at the expense of the overall good… Read more »
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Kenya:
Team to Present Recommendations on Weak Shilling
Nation, 3 October 2011
A committee formed by Prime Minister Raila Odinga to come up with measures to stop the weakening of the shilling will present its recommendations to the government on Tuesday. Read more »
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Kenya:
Shilling Weakens Against Dollar
Business Daily, 3 October 2011
The Kenya shilling lost ground to the US dollar Monday weighed down by global demand for the dollar due to the mounting fears over the Eurozone debt problems. Read more »
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Kenya:
CBK in New Move to Stabilise Shilling
Business Daily, 14 August 2011
Central Bank of Kenya's action restricting commercial banks' access to its lending is expected to stabilise the shilling, analysts said. Read more »
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Kenya:
Brace for Hard Times As Shilling Sinks to New Lows, Experts Warn
Nation, 9 August 2011
Kenyans should brace themselves for hard times as the local currency continues to weaken further against the US dollar. Read more »
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Kenya:
Shilling Falls to New Low As Food Imports Fuel Demand for Dollar
Nation, 8 August 2011
The Kenya shilling touched a fresh low against the dollar on Monday, exchanging at Sh93 in what market dealers attributed to panic buying. Read more »
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Kenya:
Shilling Edges Closer to Record Low
Business Daily, 4 August 2011
The shilling fell just short of hitting its all-time low of 91.90 against the dollar as higher demand for the greenback weakened the Kenyan currency further. Read more »
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Kenya:
Build Strong Export Base to Support the Shilling
Business Daily, 8 August 2011
The Kenyan shilling has come under intense pressure in recent days, touching three all-time lows in a span of one week. Read more »
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Kenya:
Weak Shilling Exerts Pressure on Prices
Business Daily, 7 August 2011
The inflation rate is expected to surge even higher as a sustained weakening of the shilling feeds into prices of basic consumer goods such as food and fuel. Read more »
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Kenya:
Shilling Hits New Record Low Versus Dollar
The Star, 5 August 2011
The Kenyan shilling fell to a record low of 92.10 against the dollar yesterday, weighed down by demand for the U.S. currency from oil importers, traders said. At 0624 GMT,… Read more »
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Kenya:
Nation's Shilling Sinks to New Low of 92.35 Against Dollar
Nation, 4 August 2011
The Kenya shilling touched new lows of Sh92.35 against the US dollar in what has been termed as a build-up of demand. Read more »
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Kenya:
Shilling in New Low Against the Dollar
Business Daily, 4 August 2011
The Kenya Shilling touched new lows of Sh92.35 against the US dollar in what market players termed as a build up of demand. The local currency opened trading at Sh91.80 against the… Read more »