Kenyan Shilling Slightens as Demand for the Dollar Grows
On a sunny day in Nairobi, Kenya, the Central Bank Governor, Patrick Njoroge, exhibited crisp Kenyan shilling bills during a vibrant news conference at the Central Bank on June 3, 2019. The financial air was palpable with speculation as these colorful slips of currency held center stage. Photo credits to REUTERS/Baz Ratner.
Recently, the Kenyan shilling took a bit of a nosedive when pitted against the dollar. A local trader spilled the beans, saying that this wasn't just a Kenyan phenomenon – the dollar was flexing its…