Political analyst Mutahi Ngunyi has encouraged President William Ruto to remain devoted to his economic policies and ignore critics. I told you I would never allow Kenya to be among countries that have been auctioned for defaulting on debt payment…even the Kenyan shilling will strengthen to levels never seen before,” Ruto said. It was on the same day the Kenyan shilling strengthened to exchange at 156.70 units to the US dollar from a low of 164.50 quoted by commercial banks on Friday. And maybe it will drop to 115 as you projected,” Ngunyi told the President. Listen only to your God-given purpose.”The exchange rate of the Kenyan shilling against the dollar officially crossed the 150-unit mark on October 23, 2023, preceded by a period of sustained freefall in months prior.

Source: The Star February 14, 2024 19:23 UTC