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How new CBK boss can stem shilling's free fall

Kenya shilling has lost approximately 25 per cent of its value against the US dollar. [iStockphoto]

Since 2021, the Kenya shilling has fallen against the US Dollar (USD).

The steep decline has elicited panic and the Central Bank of Kenya (CBK) has in a sense lost influence over the exchange rate. I don't think we are in panic territory yet, and the situation appears manageable, but there is no easy path forward.

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