How the purchasing power of the shilling fell 45pc under Uhuru
The purchasing power of Sh1,000 has fallen by nearly half in the past 10 years of President Uhuru Kenyatta’s administration.
Source: businessdailyafrica.com
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The purchasing power of Sh1,000 has fallen by nearly half in the past 10 years of President Uhuru Kenyatta’s administration.
Commercial banks pumped a fresh Sh317 billion into private businesses in the 12 months to March this year.
Cash saved by Kenyans in foreign currencies at local commercial banks rose to Sh803.6 billion in December last year.
Cash circulating outside the banking system hit an all-time high of Sh253.4 billion in December last year as Kenyans went into the festive period.