Shilling gains ground against the Dollar

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Citizen TV Kenya

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Shilling gains ground against the Dollar


The Kenya shilling has gained ground against the us dollar. According to experts, the continuous rally is a result of the inflows received by the government in January from major multilateral institutions, as well as the successful issue of the 1.5 billion dollar-denominated Eurobond, that has relieved the country of the pressure to repay its…

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24 Comments

  1. Kenyans government is doing great job unlike tanzanese government where I dollar is = 2544Tshillings , Ruto we are inviting u to become a tanzanese president you can rescue us from the tragid situations

  2. The true value is something like 1:250 or more. Too much intervention and propping up. It is not a truly floating currency. Playing with the exchange rate is bad economics, playing with fire. Case in hand, Venezuela and Zimbabwe. Let the currency float and find its own true value based on economic output, not a fixed controlled rate.

  3. Kenyans should not rejoice because of this temporary stay of disaster but should instead pay attention to statements from the IMF. Last month, that body said that their recent agreement with Ruto will cause nation-wide social unrest. Ngojeni mtaona mambo.

  4. Hahaha that is just temporary and it will go up again because they just borrowed the dollar to pay Eurobond of which that's even more risk move! Let's all be honest