The Standard Group Plc is a multi-media organization with investments in media
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Central Bank of Kenya head office in Nairobi. [Jonah Onyango, Standard]
Remarks by Deputy President Rigathi Gachagua that the Central Bank of Kenya (CBK) did not have enough foreign exchange reserves (forex) to be used by oil importers has generated debate on how exactly the foreign exchange market works.
CBK, the financial regulator, even came out to school the former Mathira MP on how trading in foreign currencies works, insisting that as a regulator it is not an active player in the forex market.
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