- Kenyan banks report reduced forex earnings as the shilling stabilises.
- Analysts expect a further decline in forex income following regulatory shifts.
Nairobi, Kenya – Kenyan banks are reporting a decline in forex income for the first quarter of 2024, a period rocked by currency volatility that saw the dollar exchange rate to the local unit move from 160 units to 131 within three months.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
