Business Daily | by Otiato Guguyu
Kenyans upped their foreign currency deposits in local banks to a seven-month high of Sh773.8 billion in October, with a depreciating shilling helping boost the value of the dollar holdings.
The last time the dollar deposits rose this high was in March when they had hit an all-time high of Sh779.7 billion as businesses and individuals hedged against economic uncertainty during the Covid pandemic by turning to hard currencies…
