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Kenya's cbank seek to mop up $100 mln via repos

Tuesday, 9 Oct 2012 | 4:39 AM ET

NAIROBI, Oct 9 (Reuters) - Kenya's central bank sought on Tuesday to mop up 8.5 billion shillings ($100.1 million) in excess liquidity using repurchase agreements (repos), the bank said.

The central bank has been draining excess shillings from the market for most of this year to support the shilling , helping it hold its value against the dollar in 2012. ($1 = 84.9000 Kenyan shillings)

(Reporting by Kevin Mwanza; Editing by Richard Lough)

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Keywords: KENYA MARKETS/REPO