Tuko.co.ke on Nostr: nostr:note14rkj3vpd9a3juvjmuqstj4kdxy9vep2mnpmqxqkc8j0avauvtn5shunm8m

quoting note14rk…nm8m

Kenyan Shilling Strength Cuts External Debt as It Gains Value Against Major Currencies
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#e2c34d3a ver:0.26

The Kenyan shilling has gained value against major currencies, cutting external debt and impacting the economy. The shilling's recent strength is attributed to market dynamics and fundamental factors, but speculators believe gains may be temporary. While the stronger shilling has reduced inflation rates, it has negatively affected importers, manufacturers, and those earning in US dollars. The volatility comes as the Central Bank of Kenya projects a rebound in imports and exports, with the shilling expected to reduce import costs but potentially dent exports. The shilling's strength has led to a decrease in external debt, but the true value remains debated. #KenyanShilling #ExchangeRate #Economy #ExternalDebt...

#newstr #KenyanShilling #ExchangeRate #Volatility #ExternalDebt #ControllerOfBudget #CentralBankOfKenya

https://here.news/story/e2c34d3a?ver=0.26