Economy

Bank dollar holdings rise to record Sh966.4 billion

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Central Bank Governor Dr Kamau Thugge on October 24, 2023. PHOTO | DENNIS ONSONGO | NMG

Dollar holdings by Kenyan commercial banks have shot up by 78 percent to hit a record $6.32 billion (Sh966.4 billion) in September, as lenders stack up the units amid the dollarisation of the economy and a growing greenback black market.

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