The value of dollar deposits in commercial banks increased by Sh528.56 billion in the first 10 months of the year majorly on the continued slump of the shilling against the dollar, rewarding customers with double-digit capital gains on their hard currency stock.
Central Bank of Kenya (CBK) data shows dollar deposits rose by 57 percent from Sh921.05 billion at the end of last year to hit Sh1.449 trillion at the close of October, marking one of the fastest jumps in 10 months since 2011.
