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Dollar scarcity looms as Kenya's forex stock hits decade low

This is likely to push up inflation that was captured at 9.2 per cent in February

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by The Star

News05 March 2023 - 11:31
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A general view shows people walking past the Central Bank of Kenya headquarters building along Haile Selassie avenue in Nairobi, on October 9, 2017. /REUTERS

The dollar shortage is expected to persist in the coming days as the country's foreign exchange reserves drop to the lowest level in a decade, fodder for the high cost of living. 

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