The Central Bank of Kenya (CBK) has maintained its aggressive mop-up of excess liquidity from the market even as the shilling lost ground to the dollar for the seventh straight day on Friday.
Data from the CBK shows that the shilling opened Friday at an average 107.24 units to the dollar in contrast with the previous Friday’s level of 106.20 in the wake of the Covid-19 pandemic, which has hurt export trade and slowed down Diaspora remittances.
