Analysis of the Kenya Shilling’s rapid decline. Part 1 (21st Sept.)
A new record low has been set again by the Kenyan Shilling, raising questions about when and if the downward slide of the local currency against major global currencies will stop. In some instances today, the Shilling traded below the 97 shillings mark to the US Dollar. www.ntv.co.ke In this first part of an analysis on the Shilling’s rapid depreciation over the past few months, Alex Mwangi now tracks the real reason of its decline against the world’s major currencies.