Kenya's central bank says in market to mop up 19bn shillings

02 Jun, 2015

NAIROBI: Kenya's central bank said it was seeking to mop up 19 billion shillings ($194.67 million) in excess liquidity from the market on Tuesday.

The bank normally uses liquidity management as a tool of stabilising the foreign exchange rate by making it slightly more expensive for traders to bet against the shilling.

Copyright Reuters, 2015

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