
CBK explains shilling’s 11-month stability at KSh129 to the dollar
The Kenyan Shilling has stayed within a narrow range of about Ksh129 to the US dollar for more than 11 months. It has defied global economic turbulence and high debt obligations. The Central Bank of Kenya (CBK) attributes this stability to strong foreign exchange inflows, healthy reserves and prudent economic management. Governor of CBK, Kamau…