PS Kiptoo: Why Kenyan shilling is weakening against US dollar

National Treasury PS Dr. Chris Kiptoo before National Assembly Public Debt and Privatisation Committee at the Continental House, Nairobi on March 6,2023. [Elvis Ogina, Standard]

The National Treasury says Kenya has enough dollars in its reserves despite reports suggesting that the important trade currency is extremely scarce.

Treasury Principal Secretary (PS) Dr. Chris Kiptoo, while appearing before the National Assembly Finance Committee on Friday, said that figures from the Central Bank show the country has enough dollar supply.