Kenyan speculators hoarding dollars have been warned by their president that they’ll make losses. High demand has recently seen the greenback soar against the shilling. But Ruto says he’s done an energy deal with the Saudis that will ease the pressure on the home currency - because the deal is in shillings. On top of this, the Central Bank has threatened banks with fines if they sit on dollars - a move that’s already seen exchange rates fall.
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