Repeal of interest cap law to spur economic growth

Removal of the artificially low-interest-rate cap will oddly increase lending. FILE PHOTO | NMG

In November, we saw a sizable strengthening of the Kenya shilling against the US dollar, especially between November 1 and November 24.

This stands as remarkable because during the same period the US dollar itself also strengthened against other major currencies including the euro, Canadian dollar, Japanese yen, Australian dollar, Tanzania shilling, and Swiss franc.

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Note: The results are not exact but very close to the actual.