Sunday, July 17, 2011

Shilling makes slight gain

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By Patrick Kagenda

The shilling according to financial experts ended last week with some significant gains against the dollar. During the week the shilling moved from Shs 2,610-20 the previous week to close at Shs 2,560/70 on Friday July 15 mainly on the back of subdued corporate demand plus sizeable inflows from exporters.

The market saw some interbank selloff as demand for shilling liquidity continues with the money market curve remaining well bid. Financial sources at Standard

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