A section of Kenyans have been wondering how the Central Bank of Kenya has not intervened in the foreign exchange market when the Kenya shilling has been constantly depreciating against the dollar. There are some who believe that the government has neglected this issue and should instead ro...
The improvement in the exchange rate in the past two months is expected to play a part in increasing imports as the cost of ordering goods and services from abroad cools down.
The sources say the main reason that motivates exchange companies to import high levels of the liquidity of the dinar through cartons is that these sums will be exchanged at their exchange rate or on demand, in addition to the cost of transporting these funds, which is low when transported by...
The data reveal that the USD exchange rate against the KD was confined within relatively narrow margins in 2019 compared to changes in USD exchange rate against the other major currencies. Meanwhile, there was slower growth in Money Supply in its broad definition (M2), 1.2% at the end of 20...
With the repeal of interest rates caps and foreign exchange controls, the CBK has sharpened its monetary policy tools to ensure price stability. ADVERTISEMENT Financial experts maintain that while the CBK has been adjusting the policy rate, banks have been slow to respond, making this tool largely...
“Specifically, CBK will be better able to absorb losses that may arise from discharge of its functions; provide confidence that it will meet its domestic obligations; and cushion against shocks arising from price and exchange rate movements,” said CBK in a statement. Previous Post Kenyan Airline...
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