In the newspapers

[Cortedivoire]

 

[Mwalimu-G]

Nganya za British High Commission - In the olden days commemorative stamps did the work...

 

[DeepInYourMind]

I was reading about the weak shilling and the CBK governor says the shilling has been overvalued for long, leading to the current situation.

Then the same article says the US raised interest rates to curb inflation, leading to capital flight. So which is it?

 

[Mwalimu-G]

I was reading about the weak shilling and the CBK governor says the shilling has been overvalued for long, leading to the current situation.

Then the same article says the US raised interest rates to curb inflation, leading to capital flight. So which is it?

The gavanaa was trying to find excuses for the shilling's slide -forgetting we are not exporting coffee and macadamia while some people are sweeping dollars from the market to buy homes in DXB.