Tag: Kenyan shilling
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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 Seeks to Reassure Public: Kenyan Shilling Stability Reflects Economic Strength
Kenya’s Shilling Maintains Ground Amid Global Voices The National Treasury has moved to calm nerves among Kenyan markets and the public by affirming that the shilling remains stable. In the wake of recent reports in some media outlets suggesting concern from international lenders such as the International Monetary Fund (IMF), the government insists that the…