Why remittances to Kenya are resilient in the face of inflation

Firms caught stockpiling dollars beyond ‘reasonable’ needs face fines of up to Sh10 million. PHOTO | SHUTTERSTOCK

Inflation is one of the most widely discussed subjects in the world today. The rising cost of food, energy, and other commodities has had an adverse impact on the financial stability of millions of households.

Many families around the world have been compelled to cut back on non-essential spending, tap into savings, or change their consumption habits amid the rising cost of living.

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