Expatriates and multinational firms’ workers who are paid in dollars are the biggest winners from the weakening of the shilling against the US currency, enjoying significant gains when converting their earnings to buy goods and services in the local market.
The weaker shilling has inflated the salaries of those paid in the hard currency — mainly employees of international institutions such as the United Nations, diplomatic missions and multinationals—effectively shielding them from the high inflation that is straining household budgets of ordinary Kenyans.
