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The appreciation of the Kenya shilling is great news. Because the country relies on raw materials for its domestic production, a stronger shilling leads to cheaper or more affordable goods.
A favourable exchange rate means interest rates are either held constant or lowered. Inflation is also easier to contain within the desired limits. Further, foreign investors are attracted when the shilling provides them more bang for their buck.
These are those who peddle falsehoods to the effect that there is a behind-the-scenes manipulation of the country's currency for the benefit of nefarious characters. Regarding the rallying of the shilling, these are the facts that obtain.
Facts First
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