Patrick Njoroge won many battles but left the shilling weak

Central Bank of Kenya Governor Dr Patrick Njoroge. ILLUSTRATION | JOSEPH BARASA | NMG

In his eight years as governor of the Central Bank of Kenya (CBK) Patrick Njoroge’s defence of the shilling saw him lock horns with a diverse cast of characters, including the International Monetary Fund (IMF), market analysts, banks and the media.

Any claim that the currency was being managed was met with a sharp rebuke, while some banks found themselves in the dock for flouting currency trading rules.

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