US EditionWhy the Govt Won’t Let the Shilling Appreciate Too Much – CS Mbadi Explains - Nairobi Wire
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Why the Govt Won’t Let the Shilling Appreciate Too Much – CS Mbadi Explains - Nairobi Wire
Treasury Cabinet Secretary John Mbadi has defended the government’s decision to prevent the Kenyan shilling from appreciating too much against the US dollar. Speaking before the Parliamentary Budget and Appropriations Committee on Thursday, March 27, Mbadi cautioned that an overly strong shilling could harm the country’s export sector. He warned that if exports decline, Kenya’s foreign exchange reserves would take a hit, increasing the country’s…
·Nairobi, Kenya
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