The International Monetary Fund (IMF) has expressed concern over the unusual stability of the Kenyan shilling against the US dollar — despite global market shifts that were expected to strengthen the local currency.
During a recent staff visit to Kenya, which concluded on October 10, IMF officials reportedly described the shilling as “too stable”, hinting at possible interventions or market factors keeping it from adjusting naturally.
The Kenyan shilling has been stuck at KSh. 129 nearly a year.
@Briankariu Before you reach Tanzania near bissil I found some 150 acres going for 200k each to my surprise...if you take time to invest in land you can easily succeed
@MillicentOmanga Say whatever you want about @MillicentOmanga but she is thick skinned😂😂The amount of assault she takes in and remain positive is commendable...Maybe the resilience will one day push her to a higher office😇
@DavidNdii What do you expect from stringent tax measures of the last finance bill? When did increase in revenue collection imply economic development in totality? This administration should be very greatful for favourable climatic conditions otherwise the economy would be in trenches.