Kenyan shilling hits an all-time historic low of 150 to a dollar

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Tuesday, October 24, 2023 – The Kenyan shilling plunged to a historic low of 150 against the U.S. dollar on Monday, October 23, piling pressure on the country’s dwindling foreign exchange reserves and making imports expensive amid rising inflation. The depreciation of the Kenyan shilling has accelerated over the past year, losing almost 24% of its…

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