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Kamau Thugge plans dollar bond to ease pressure on shilling
Central Bank of Kenya Governor Kamau Thugge before the Departmental Committee on Finance and National Planning at County Hall on May 30, 2023. PHOTO | DENNIS ONSONGO | NMG
The Central Bank of Kenya (CBK) governor nominee Kamau Thugge plans to float a local dollar-denominated bond to get rich Kenyans who are holding over Sh1 trillion in deposits to release the greenback in fresh efforts to ease pressure on the Kenya Shilling.
Dr Thugge said he will work with the National Treasury to issue the dollar bond with attractive returns to get rich locals and businesses to release their fixed deposit accounts in local commercial banks.
