Shilling overvalued by 17.5 per cent, says IMF

The shilling has been stable for the better part of this year, exchanging at Sh100 against the US dollar. [File, Standard]

The shilling may be overvalued by up to 17.5 per cent, according to a global lender.

The International Monetary Fund (IMF) in its much-awaited report following a review on Kenya’s economic health released yesterday, said the shilling risked being classified as “managed” rather than operating on the forces of demand and supply.