Casual discussions around the coffee machines of Kenya’s Upper Hill and Westlands office blocks have changed noticeably over the last several years. Conversations now center on why the shilling moved against the dollar, what the Central Bank of Kenya signaled at its latest Monetary Policy Committee meeting, and whether a dollar savings account is still worthwhile. The sharp decline that occurred in 2023 and the subsequent increase that occurred in the beginning of 2024 have left a lasting impression on the employees who witnessed the price of imported goods, car…
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