September 13, 2018 / 11:58 AM / in 7 days

Kenya central bank sells dollars as IMF facility expiry weighs on shilling

NAIROBI, Sept 13 (Reuters) - Kenya’s central bank pumped in dollars into the market late in Thursday’s trading session after the shilling weakened due to the expiry of a stand-by loan facility with the International Monetary Fund, traders said.

The shilling rose to 100.85/101.05 per dollar after the intervention from 101.02/101.22 where it was trading before the intervention. It had closed Wednesday’s session at 100.75/95. (Reporting by Duncan Miriri and John Ndiso; editing by George Obulutsa)

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