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kenya-central-bankNAIROBI: Kenya's central bank said on Friday it was seeking to mop up 1 billion shillings ($11.8 million) from the market through repurchase agreements.

The regulator, which was widely blamed for failing to stem the shilling's collapse last year, is determined to prop up the shilling this year and has already hoovered up 25.6 billion shillings and sold hard currency to support the local currency.

Copyright Reuters, 2010

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