Money Markets
Markets steady after referendum
Trading at the NSE floor. Traders took time to assess the likely impact of the new constitution on dollar flows. Photo/FILE
By PAUL WAFULA and KEVIN MWANZA
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Posted Monday, August 9 2010 at 00:00
Posted Monday, August 9 2010 at 00:00
“We had seen the shilling remain depreciated even with the euro recovering from the financial crisis that emanated from Greece, meaning that the effects of the euro crisis on the shilling were exaggerated by the political uncertainty brought about by the expected referendum,” said Mr Kiboi.
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