Kenyan Shilling Not Safe Yet, Bankers Say

The Kenya Bankers Association Council has warned that if the root cause of the shilling's instability is not dealt with soon, the local currency could weaken even further.

VIDEO: Parliament Debates Shilling Report

THE GRAND SHILLING DIVIDE: House divided over shilling report. Report says CBK abetted shilling's slide. see more »

Video

  • Kenya:  Inflation Continues Downward Trend

    Capital FM, 29 February 2012

    Inflation continues to ease with the latest statistics from the Kenya National Bureau of Statistics (KNBS) showing that February rates declined by 1.62 percent to Sh16.69 percent. read more »

  • Kenya:  Why the Value of the Shilling Dropped - Njuguna Ndung'u (analysis)

    The Star, 27 February 2012

    The parliamentary committee on the Depreciation of the Shilling recently resolved that CBK Governor Prof Njuguna Ndung'u should resign for his failure to manage the depreciation of ... read more »

  • Kenya:  Don't Blame CBK for Shilling Slide (opinion)

    The Star, 29 February 2012

    The report of Parliamentary Select Committee on the decline of the Kenya shillings against other currencies dealt with the symptoms and not the real causes of the problem. read more »

The banks disputed claims that they borrowed Sh600 billion from the Overnight Discount Window (a facility of last resort) last year, contributing to the near collapse of the local currency.

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