Business Daily | by Brian Ngugi
The Central Bank of Kenya (CBK) has dismissed fears of manipulation of the Kenya shilling amid the ongoing talks for a bilateral trade agreement between the United States and Nairobi.
CBK Governor Patrick Njoroge said Kenya does not and will not manipulate the shilling for competitive gain and hence such concerns are “misplaced.”
The comments were triggered by the US seeking an undertaking that Kenya will let market forces influence the rate of exchange…
