Tag: currency depreciation

Dire Warning: Kenyan Shilling Could Plunge to Ksh170 Per US Dollar, Says Moses Kuria

Moses Kuria, a former Cabinet Secretary, has issued a stern warning about the potential depreciation of the Kenyan shilling to Ksh170 against the US dollar within the next 19 days. He points to economic fundamentals, high interest rates, and the country's trade balance as contributing factors. Kuria calls for immediate economic policies to stabilize the shilling.