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Shilling hits historic low against the dollar after reopening
The shilling slumped to a record low against the dollar on Thursday on stronger demand for the greenback, pointing to a rise in the cost of importing goods into the country in the short term. FILE PHOTO | NMG
The shilling slumped to a record low against the dollar on Thursday on stronger demand for the greenback, pointing to a rise in the cost of importing goods into the country in the short term.
Commercial banks quoted the shilling at 107.40 to the dollar, an all-time-low, after four successive days of weakening.
