Kenya's central bank says in market to mop up 10bn shillings

  NAIROBI: The central bank of Kenya said on Friday it planned to mop up 10 billion shillings ($96.90 million) i
19 May, 2017

 

The bank uses repurchase agreements and term auction deposits to remove excess liquidity, which makes it costly to hold on to dollars, which in turn supports the shilling.

 

Copyright Reuters, 2017
 

Read Comments