Parliament deserves praise for debate on shilling

Parliament has debated the report of the Parliamentary Select Committee that investigated last year’s rapid decline of the shilling against major world currencies with passion.

Certainly it is an issue of immense public interest, given the impact this fall had on livelihoods and living standards in the second half of last year. The questionable depreciation, particularly against the dollar with which the country pays for most of its imports and in which it earns much of its foreign revenue, caused untold misery to Kenyans.