Why has the Shilling continued to depreciate against the dollar?
The genesis of the Shilling's trouble is buried in the country's balance of payments. We consume more imported goods than we export. Basically given that the bulk of the imports are paid for in foreign currency, especially dollars, the country's demand for dollars by far exceeds its dollar inflows. Whereas this is situation has been in existence since we started cross border trade, it has recently worsened owing to recent developments in the global market/environment.
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