USD breaches the 130 mark for the 1st time in 100 days

mzeiya

mzeiya

Elder Lister
The artificial pegging of the USD to remain at KES 129 might soon give way if what a little bird whispered to me...
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Interesting.
 
It is going nowhere. Maybe lower. I was called naive for stating that ksh would take ages to return to 160. The forex reserves are at multi-year high. and our debt sustainability outlook is at the best place since at least the COVID period. Domestic interest rates are falling fast, and fed interest rates are also likely to go lower. Goldman Sach maintains ksh remains undervalued despite the recent currency appreciation.
 
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