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Banks cash in on dollar as shilling hits 153

Households paying the price of continued weakening of  the local currency.

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by The Star

News07 September 2023 - 12:54
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A cashier at a Nairobi forex bureau counts dollars and shilling notes/

Commercial banks are making a windfall from the tumbling Kenyan shilling with exchange rates now hitting a high of 153 at some counters, piling pressure on importers and households.

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