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How weakening shilling spells trouble for taxpayers

A trader counts money after a day's work at Muthurwa Market in Nairobi on May 4, 2020.

Photo credit: Dennis Onsongo | Nation Media Group
NMG logo (6)

By  Otiato Guguyu

Business Reporter

Nation Media Group

What you need to know:

  • The shilling has been unstable for the most part of the year, slumping to its lowest record yet against the dollar last week.
  • CBK is using some of its forex reserves to help ease the pressure on the shilling.

If time is money, a majority of Kenyans are running out of it. Others, however, are making it.

The Kenyan shilling has been unstable for the most part of the year, slumping even further to its lowest record yet against the dollar last week.

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