Central Bank of Kenya denies seeking to strengthen currency
The Central Bank of Kenya has defended its exchange rate policy, insisting it only buys or sells reserves to manage liquidity in support of price stability and not to support the strength of its currency.
The statement comes in response to "increasing interest [from] the public and media" in the Kenyan shilling exchange rate, which has spiked by 2% in the past 10 days in the run-up to the country's presidential election. Over the past year, the shilling gradually fell in value by 6% against the
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