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Shilling weakens on banking sector jitters

Kenya's shilling weakened slightly against the dollar on Thursday due to market jitters after the central bank placed mid-tier lender Chase Bank Ltd under a 12-month receivership.

The shilling was quoted at 101.35/45 to the dollar, a touch weaker from Wednesday's close of 101.30/40.

The shilling has appreciated about 0.7 per cent against the dollar so far this year.

READ: Chase Bank put under receivership

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Note: The results are not exact but very close to the actual.

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