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Is IMF position on ‘static’ shilling mistaken?

Kenya, as a member of the IMF, has obligations on its exchange rate dealings where it is required to allow market forces to influence the currency market.

Photo credit: Shutterstock

By  Abraham Kamau

CEO

Miradi Capital

A recent Business Daily article — IMF raises alarm over static Kenya shilling versus dollar—has set off a fresh wave of commentary about the exchange-rate policy.

The International Monetary Fund’s (IMF) public posture and press coverage are important and deserve scrutiny.

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