Dienstag, 7. Februar 2012

Kenya: Who bled our shilling?

By Financial Journal Writer
Fresh details have emerged over foreign currency transactions by banks when the shilling lost much of its value against hard currencies.
Investigations by the Financial Journal can reveal that unexplained cash inflows amounting to a whooping $847 million entered the economy in unclear circumstances, coinciding with the time of the shillings’ volatility last year.
 
The systemic failure to detect such a significant inflow of money means a

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