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3232Kenyan Forex Crisis: Central Bank Orders Financial Institutions to Ration Dollars
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Mon, 06 Mar 2023 11:04:56 +0000https://www.digit.info/2023/03/06/kenyan-forex-crisis-central-bank-orders-financial-institutions-to-ration-dollars/Read more]]>Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shortages have forced Kenyan firms to seek greenbacks on alternative markets where the exchange rate is higher than the official government rate. New Limits Curtailing Operations […]
Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shortages have forced Kenyan firms to seek greenbacks on alternative markets where the exchange rate is higher than the official government rate. New Limits Curtailing Operations […]