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Looming dollar shortage as forex reserves hit record low

They are currently at 3.5 months of import cover.

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by The Star

Health22 May 2023 - 15:06
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A cashier at a Nairobi forex bureau counts dollars and shilling notes/

Importers could be hit by a worse dollar shortage in coming days, market trends indicate, as Kenya's forex reserves dip to levels last seen in 2016.

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