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Treasury blames manufacturers for artificial dollar shortage

National Treasury Principal Secretary (PS) Julius Muia. [Elvis Ogina, Standard]

The National Treasury has blamed manufacturers for an artificial shortage of dollars in the foreign exchange market following their public comments.

Speaking during the launch of the World Bank’s latest Kenya Economic Update yesterday, National Treasury Principal Secretary (PS) Julius Muia said the government has enough foreign exchange reserves to cover the country’s import needs for over five months.

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