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.
TEMPERS FLARE AS...: MPs clash over the Shilling report. Claims emerge that Shilling report was doctored. see 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.
The Central Bank governor has revealed the names of three banks that are alleged to have been responsible for the drastic decline of the shilling. Read more »
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