Kenya's central bank says in market to mop up 21bn shillings

13 Jul, 2015

NAIROBI: Kenya's central bank said on Monday it planned to mop up 21 billion shillings ($204.88 million) in excess liquidity from the money markets using term auction deposits.

The mopping up of liquidity by the bank makes it slightly more expensive for traders to hold dollars, lending support to the shilling.

Copyright Reuters, 2015

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