Tag: Currency Stability
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Treasury Defends Steady Shilling as Indicator of Economic Strength
Introduction: Treasury Stands Behind the Shilling The Kenyan National Treasury has publicly defended the local currency, insisting that the shilling remains steady and that recent volatility concerns do not reflect a weakening economy. In response to media reports about potential strains flagged by the International Monetary Fund (IMF), Treasury officials emphasized that the current exchange…
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Treasury Defends Steady Shilling: Economic Strength Behind Stable Currency
The Treasury’s Stance on a Stable Shilling The Kenyan National Treasury has publicly defended the country’s currency, the shilling, arguing that the exchange rate remains stable and that this stability is a sign of underlying economic strength. While some observers have raised concerns following commentary from international institutions, the Treasury contends that a steady shilling…
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State Bank of Pakistan’s Reserves Increase by $34 Million
Overview of the Recent Increase in Reserves Pakistan’s foreign exchange reserves have recently recorded a modest increase, reflecting a shift in the economic landscape of the nation. As of the week ending September 5, 2025, the State Bank of Pakistan (SBP) announced an increment of $34 million in its reserves, bringing the total to $14.3…
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US Dollar Stability Amid Inflation Reports Awaited
Introduction The US dollar has showcased remarkable stability as investors gear up for crucial inflation reports that are set to influence the Federal Reserve’s interest rate decisions. Understanding the interplay between inflation data and the dollar’s performance is essential for anyone involved in trading or investing. The Background of the US Dollar As the world’s…