Kenyan shilling exchange rate

What is happening to the Kenyan shilling that is weakening further each day. From last year October it has been on a free fall. At this rate naona ikifika 250 per dollar.

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Results of incompetent leadership.

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Grand mullah alisema nini juu ya hongo ?

Ifike 250 my dollar account ipepee

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A million!

Manufacturers wanaumia while importing raw materials

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Hebu tuambie but he is part of the cartels contributing to this

I have a feeling JSKS has been convinced to devalue the Kenyan shillings kimpango the way it happened in Nigeria. Kidogo kidogo mnakua hamna nchi tena. Kenyans will be running away in droves.

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JSKS doing it while you guys watch it :joy:

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However much a dog is kicked…it will still be kicked again.

Nothing like that. Hio pesa mnapewa na IMF in dollars haiiingii nchi because as usual it is going to people’s personal accounts overseas so there is a dollar shortage causing people to pay more for the dollar…

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Don’t these IFIs sometimes “advise” borrower countries to devalue their currencies so as to boost exports?

It might even be part of the loan conditions just like the privatisation of state enterprises and tax hikes only that the government is not being transparent.

IMF officially asked CBK to allow the shilling to float at its true market value in 2020 if I’m not wrong. Hio ya kudevalue ni ya kitambo. It was to allow our exports to be competitive enzi za Moi. We no longer export a lot to warrant an artificial devaluation…

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Yap CBK used to ensure its around 110…then came IMF. .It will reach 235 next year at time like this.

Rusha kakitu mdau

If you can find an anonymous way of sending money, I can send you 5 ngwizis.

Dollar reserves za kuprop shilling haziko, saa hii our dollars are servicing our loans, the rest ni za import cover.

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Chonjo mkuu.
Will inbox