Interventions in the inter-bank market, tightening of the benchmark interest rate, and the Eurobond buyback helped salvage a battered shilling and make it one of the best-performing currencies in the world this year, Central Bank of Kenya (CBK) Governor Kamau Thugge has revealed.
As of Monday, the shilling had rallied by close to 20 percent against the US dollar on a year-to-date basis, with the CBK quoting the exchange rate at Sh128.63 compared to a low of Sh160.75 on January 30.
