Remittances weak cover for shilling - Budget Office

Remittances hit Sh270 billion last year. FILE PHOTO | NMG

Kenya’s reliance on diaspora dollar inflows to keep the shilling stable faces risks in the future, the parliamentary economic and fiscal advisory team has warned.

The shilling has largely remained stable in the recent past against major international currencies such as the US dollar, Sterling pound and the euro, partly helped by strong diaspora remittances.

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