Banking and finance News,stock watch, economic report and investment tips and avenues.
Saturday, 8 October 2011
The Downfall of Kenya Shilling
The downfall of kenya shilling;........... the kenya currency(shilling) is the wost performing currency against the major world currencies.this as caused alot of tension among kenyan citizen and major investors. THE CAUSE OF THE FALL ................. Central Bank of Kenya is blamed for not doing enough to rescue the shilling with it monetary policies.but CBK in it part blames banks, forex traders for speculation also it cites inflation and over reliances on imports by the country.and Europen crisis as added pressure to the shilling,We ope sollution will be found soon.