Bloomberg News

Kenya Says Current Shilling Level Doesn’t Reflect True Value

June 23, 2011

June 23 (Bloomberg) -- Kenyan central bank Governor Njuguna Ndung’u said the current level of the shilling doesn’t reflect its true value.

The curency is expected to recoup losses once the crisis in the euro area and domestic supply constraints ease, Ndung’u told reporters today in Nairobi, the capital.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net


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