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.The proposed law, The Forex Hoarding Criminalization Act 2023, seeks to control the quantity of dollars Kenyans can purchase and the period they can hold on to the cash
Trade Union says the bill as regressive, suppressive and outdated
The Bill proposed a Ksh10 million fine for those found with hidden dollars.
The Forex Hoarding Bill would cause the Kenya shilling exchange rate to depreciate even further if it ever became law.