Wealthy Kenyans, traders, and businesses took a Sh98.9 billion hit as the value of foreign currency deposits plunged from the recent strengthening of the Kenya shilling.
Foreign currency deposits, expressed in local currency terms, saw their largest month-on-month drop in more than five years in February, dipping to Sh1.502 trillion from a peak of Sh1.601 trillion in January, according to data from the Central Bank of Kenya (CBK).
