Kenya’s shilling rebounded from the weakest level in 17 years against the dollar after the central bank sold three-month Treasury bills, reducing supply of the local currency in the market.
The currency of East Africa’s biggest economy appreciated as much as 0.6 percent to 89.49 per dollar and traded 0.3 percent stronger at 89.75 by 2 p.m. in the capital, Nairobi. The shilling closed at 90.05
Tuesday, 21 June 2011
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