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Shilling firm, could weaken on end-month uptick in demand

16:29 - 22 August 2016
Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya
Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya
At 0735 GMT, commercial banks quoted the shilling at 101.30/50 to the dollar, the same level as Friday's close.
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The Kenyan shilling was firm against the dollar on Monday amid expectations of a likely end-month pick up in demand from importers that could trigger some depreciation pressure on the local currency.

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