Kenyan central bank to buy 5m euros
The Central Bank of
Kenya (CBK) said on Thursday it was looking to buy 5 million euros from
the local market, its second foreign currency purchase this week.
Some traders have
said the central bank’s frequent purchases of foreign currency have
kept the shilling under-priced. The bank says it is not manipulating
the shilling’s value but building foreign currency reserves.
The CBK purchased 5 million euros on Monday.
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