Outgoing CBK Governor Dr Patrick Njoroge differs with Dr Kamau Thugge on dollar bond plan
Outgoing Central Bank of Kenya Governor Dr Patrick Njoroge. Dr Njoroge has differed with Dr Kamau Thugge, who has been nominated to succeed him, on the plan to float a dollar-denominated bond locally to mop up the large volumes of foreign currency deposits held by banks.
Central Bank of Kenya (CBK) Governor Patrick Njoroge has differed with Dr Kamau Thugge, who has been nominated to succeed him, on the plan to float a dollar-denominated bond locally to mop up the large volumes of foreign currency deposits held by banks.
Dr Thugge, while appearing before the National Assembly’s Finance and Economic Planning Committee on Tuesday for vetting, said he will work with the National Treasury to issue the dollar bond to get rich locals and businesses to release the foreign currency.
