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Shilling to rise against dollar : The Standard

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Kenyan, Tanzanian and Zambian currencies are likely to strengthen in the coming week while Uganda’s shilling is expected to post moderate losses.

The Kenyan shilling is expected to strengthen against the US dollar due to tight liquidity and increased foreign remittances amid flat demand from importers ahead of the holiday season.
Commercial banks quoted the shilling at 101.45/65 per dollar in Thursday’s trading, compared with 102.55/75 a week ago. Tanzania’s shilling is also expected to gain, helped by low dollar demand. 

Kenyan shillingUS dollarCommercial banks





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