Kenya central bank seeks to mop up 11 bln shillings

NAIROBI, June 10 Tue Jun 10, 2014 4:34am EDT

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NAIROBI, June 10 (Reuters) - Kenya's central bank sought to drain 11 billion shillings ($125.5 million) of excess liquidity from the money market on Tuesday by using repurchase agreements (repos).

The bank has regularly soaked up excess liquidity from the money market since last year, which has lent support to the shilling by making it more expensive for banks to hold long dollar positions. ($1 = 87.6300 Kenyan Shillings) (Writing by Edmund Blair; Editing by Duncan Miriri)

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