As Kenyan banks celebrate forex earnings rise, economy is hurting

Banks’ profits are not always good for Kenya. Take the recent surge in earnings on their foreign currency exchange, and consider, for a moment, the implications of that ‘surcharge on all foreign trade for the rest of the Kenyan business community, and all Kenyans.

This new ‘take’ on currency is extreme.

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