Easing inflation in US, UK lifts Kenya's diaspora dollar flows
Diaspora remittances amounted to $412.41 million in January, official data shows, the highest levels on record.
Source: theeastafrican.co.ke
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Diaspora remittances amounted to $412.41 million in January, official data shows, the highest levels on record.
The rising returns on deposits have come in the period that returns on Treasury bills and bonds have also been rising.
The Treasury estimates that the total debt service costs for the current financial year will increase to a record $10.8 billion.
The deficit fell to $6.8 billion from nearly $7.51 billion a year ago, provisional official data showed.
The forex crisis in the country hit the ceiling in March as commercial banks began to run out of hard currency.