Economists see shilling slide past 160, high prices
Nairobi, Feb. 29 -- The shilling could slide to more than 160 units against the US dollar in the coming months, a new forecast by a majority of analysts and economists working with leading global banks, consultancies, and think tanks shows, a situation likely to exert renewed pressure on prices of goods and services.
The Kenyan currency has gained about 10 percent of its value against the greenback since it hit a record low on January 25.
Issuance of the Eurobond helped the Treasury to repay $1.44 billion of the $2 billion of the debut 10-year issue which will mature in June, helping cool jitters amongst international investors over a sovereign default.
"The successful sale of foreign-currency-denominated bonds in mid-February lessened...
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