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

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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