CBK cracks down on illicit dollar trading to save the shilling
In an effort to combat illicit dollar trading and stabilize its currency, the Central Bank of Kenya (CBK) has taken ...
Friday, May 17, 2024
Tag: dollar
Online freelancers and landlords gain amid currency shift
In the past week, the Kenyan shilling hit a record low of KES 150.3 against the U.S. dollar, with expectations ...
Economic implications of Kenya’s falling foreign exchange reserves
According to the latest data from the Central Bank of Kenya (CBK), Kenya's usable foreign exchange (FX) reserves have decreased ...
Why holding dollars makes sense for preserving wealth from devaluation
Rongo MP Paul Rabuor on Thursday sought to introduce a bill in parliament that he says is meant to support ...
New Kenyan law targets forex hoarding as shilling plummets
The Kenyan government is taking steps to address the recent sharp depreciation of the Kenyan shilling and stabilize the volatile ...
Central Bank of Kenya Governor Nominee, Thugge Plans A Dollar-Denominated Bond to Boost Kenya’s Economy
The Central Bank of Kenya (CBK) governor nominee Kamau Thugge plans to float a local dollar-denominated bond to get rich ...
Dollar Retailing at Ksh140 Despite Government Intervention
Retail buyers of US dollars are paying up to Ksh140 per unit in banking halls due to increased demand, despite ...
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