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Kenya's rich investors, businesses' dollar deposits rise to $7.27 billion

Published: April 28, 2023

Investors opted to open foreign currency-dominated accounts to make gains from the sharp fall in the shillings against major currencies.

Source: theeastafrican.co.ke

Related Topics:

William RutoRufas KamauChurchill OgutuStandard Bank GroupCentral BankKenya Stanbic BankWhy CongoStanbic BankPresident William RutoPresident RutoCentral Bank Of KenyaStandard Bank GroupRufas KamauChurchill OgutuInterbank Foreign Exchange Market

Kenya's dollar market distortion eases after president's order

Published: April 27, 2023

The Kenyan interbank market for hard currency has turned dormant in recent years, due to what traders said was aggressive policing by CBK.

Source: theeastafrican.co.ke

Related Topics:

Patrick NjorogeMuathi KilonzoCentral BankInternational Monetary FundPresident William RutoEquities KenyaWhy CongoWilliam RuroInterbank MarketCentral Bank Of KenyaPatrick Njoroge