Business & Finance

Kenya central bank seeks to mop up 13bn shillings

Published May 22, 2013 Updated May 22, 2013 08:58am

1 min

By Shoaib Ur Rehman

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NAIROBI: Kenya's central bank sought to mop up 13 billion shillings ($154.3 million) from the market on Wednesday through repurchase agreements (repos) and term auction deposits.

The bank has regularly soaked up liquidity since last year to support the shilling by making it slightly more expensive to fund long dollar positions.

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