Kenya’s Ndung’u moves to allay fears over 'weakening shilling'
Movements in Kenya's shilling against other currencies were the result of international market developments not related to Kenya and were not a cause for concern, Njuguna Ndung'u, the governor of the Central Bank of Kenya, said Tuesday.
The governor said question marks over the euro and eurozone markets had caused investors to "flee" from the single currency and sterling to the safety of the US dollar.
The shilling hit a ten-year low against the dollar on 4 June, falling 2.4% during the day to
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