CBK on interest rates

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Uploaded by on Feb 1, 2012

The Kenyan shilling strengthened for yet another day, buoyed by tight liquidity and lack of dollar demand in the currency market to close the day at 83.60 buying and 83.80 dollar selling. According to Forex dealers at KCB, the shilling is still expected to remain stable towards the end of the week, in the range of 83.30/84.30. To the pound, the shilling traded at 132.60 buying and 132.75 selling, while to the euro it exchanged at 110.10 buying and sold at 110.40.at the securities market NSE 20-share index dropped by 0.59% to close at 3,205.01.some 10.22million shares valued at 123 million shillings changed hands, with bonds worth 6 million shillings trading.

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  • imf can suck my cook

  • Kick the IMF out of Kenya. They dictate economic and monetary policy which benefits them and their foreign corporations. These high interest rates were dictated by the IMF and they will burst our economy. Our leaders need to think about kenya's interests.

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