imageNAIROBI: Kenya's central bank said on Monday it planned to mop up 24 billion shillings ($240.00 million) in excess liquidity from the money markets.

The bank uses repurchase agreements (repo) and term auction deposits (TAD) to absorb the liquidity, which makes expensive to hold dollars, which in turn contributes to a stronger shilling.

Copyright Reuters, 2015

Comments

Comments are closed.