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Kenya shilling hits new all-time low amid strong dollar demand
Kenya’s shilling weakened to a new all-time low on Friday, as strong dollar demand from various sectors outstripped lacklustre inflows, traders said.
At 0829 GMT, commercial banks quoted the shilling at 113.20/40 to the dollar, an all-time low according to Refinitiv Eikon data. The shilling closed on Thursday at 113.10/30.