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CBK boss Njoroge faults successor's plan for local dollar bonds

CBK Governor nominee Kamau Thugge and outgoing boss Patrick Njoroge. [Standard]

Outgoing Central Bank of Kenya (CBK) Governor Patrick Njoroge yesterday questioned the benefits of a key proposal championed by his likely successor Kamau Thugge.

Dr Njoroge's sharp contrasting view from Dr Thugge, who has been nominated to take over from him, on the benefits of a proposed local dollar bond gives a glimpse of the competing schools of economic thought by the two ex-International Monetary Fund (IMF) economists.

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