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Kenya shilling holds firm as analysts predict stability

Central Bank of Kenya Governor Dr. Patrick Ngugi Njoroge [PHOTO BY EDWARD KIPLIMO].

The election of Donald Trump may portend good news for the Kenya shilling in the long run despite the uncertainty around his presidency.

After the announcement of Trump as the President-elect yesterday, the shilling held firm, with Bloomberg tracker quoting the local currency at 101.50 against the dollar, compared with Tuesday’s close of 101.70/80.

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