×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Shilling faces exchange rate, import pressure

Zahid Mustafa, head of consumer banking,  Barclays Bank of Kenya (left) unveils the plaque to officially launch the Barclays  Mombasa Road branch at Parkside Tower. He is flanked by a customer Emmanuel Mangoa Onuonga (right) and the bank’s Chief Operation Officer Abdi Mohamed (second left).
 Zahid Mustafa, head of consumer banking,  Barclays Bank of Kenya (left) unveils the plaque to officially launch the Barclays  Mombasa Road branch at Parkside Tower. He is flanked by a customer Emmanuel Mangoa Onuonga (right) and the bank’s Chief Operation Officer Abdi Mohamed (second left).

By James Anyanzwa

The shilling, which has enjoyed relative stability against major world currencies, is now under threat. It now faces the exchange risk from volatile oil prices and increased importation of goods.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in