Kenya central bank says to mop up 9 bln shillings from money markets

NAIROBI (Reuters) - The Kenya central bank said on Monday it is in the market to mop up 9 billion shillings ($100.95 million) in excess liquidity using repurchase agreements and term auction deposits. The central bank often soaks up excess shilling liquidity through repos or other instruments, a move that tends to support the currency by making it more expensive to hold dollars. The shilling has broadly weakened in recent weeks. (1 US dollar = 89.1500 Kenyan shilling)