The International Monetary Fund (IMF) is facing criticism from Kenya Revenue Authority (KRA) chairperson Ndiritu Muriithi regarding its assessment of the Kenya shilling's stability. The IMF reportedly expressed concerns that the shilling's consistent exchange rate against the dollar could be "hurting" the economy by interfering with monetary policy and inflation targeting.

• The IMF raised concerns that the shilling's "too stable" exchange rate was impacting monetary policy transmission and inflation targeting during a recent visit to Kenya.
• KRA chairperson Ndiritu Muriithi criticized the IMF's position, stating their assessments often overlook unique structural factors in developing economies.
• The Kenya shilling traded at Ksh129.24 per US dollar as of October 24, maintaining stability supported by USD 12.08 billion in foreign exchange reserves.