Kenyan shilling slips to new all-time low against US dollar

Kenyan shilling slips to new all-time low against US dollar

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The Kenyan shilling has hit a new record low of 136.02 against the dollar, setting up the country for more expensive imports and debt servicing distress. The Central Bank of Kenya (CBK) data shows that the local currency slipped from an average of Ksh135.9 on Monday evening to the new rate on…

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