Kenya central bank says in market to mop up 4bn shillings

14 Mar, 2014

NAIROBI: Kenya's central bank said on Friday it was in the money market to mop up 4 billion shillings ($46.25 million) in excess liquidity.

By mopping up liquidity, the bank makes it relatively costlier to hold onto long dollar positions, which in turn helps strengthen the shilling.

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