Kenya: CBK Governor Reveals Secrets Behind the Stability of the Kenyan Shilling

The Central Bank has revealed that it is not employing any aggressive mechanism to hold the Kenyan Shilling steady.

According to the CBK Governor, the apex bank has largely allowed market factors to hold the shilling at about Ksh129 for nearly four months now.

The shilling has gained 21 per cent against the US dollar since January, according to tracking by Bloomberg, making it the best-performing currency in Africa at the moment.

Governor Kamau, while responding to questions at a press…