Money & Markets
Kenya is running out of US dollarsThe central bank has been using its US dollar reserves to try to cushion the shilling from further nosedives. That has created a dollar scarcity
Updated March 16, 20233 min read
The central bank has been using its US dollar reserves to try to cushion the shilling from further nosedives. That has created a dollar scarcity
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The country’s capital markets have been tremendously improving in the past two years, scoring highly in areas such as trade and settlements automation.
The allure of everlasting existence
With just 11 days before Kenya’s general elections, banks in the country are facing an acute shortage of small-denomination banknotes of Sh100 ($0.84) and Sh200 ($1.68.)