Kenya third largest domestic user of dollars in the EAC

Many people in the diaspora are sending cash in dollars to people abroad. AFP PHOTO

Kenya is third in the usage of the dollar for domestic transactions in the East African Community countries according to a newly released report by the International Monetary Fund (IMF).

The report shows that Uganda has the most dollarised economy in the region, followed by Tanzania while the least dollarised is Burundi.

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