NAIROBI: Central bank of Kenya has said that it was in the money market to mop up 14 billion shillings ($155.5 million) in excess liquidity, using repurchase agreements and term auction deposits.
Mopping up liquidity tends to make it more costly to hold dollars, which helps support the shilling. The shilling has weakened this year, in part because a drop in tourist arrivals has starved the market of a major source of dollars.
Markets, oil drop in Asia but bitcoin edges towards $50,000
HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while...
