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February 27, 2026
2h ago

Why the Kenyan Shilling Has Beaten the Dollar for 18 Straight Months

Why the Kenyan Shilling Has Beaten the Dollar for 18 Straight Months

The 18-month streak is not a surprise, Thugge explains that this is attributed to a number of both internal and external forces...

✨ Key Highlights

The Kenyan Shilling has maintained a remarkable stability against the US dollar for 18 months, a feat attributed by CBK Governor Kamau Thugge to strong foreign exchange reserves and proactive monetary policy.

  • The Kenyan Shilling has held steady between Ksh128 and Ksh130 to the dollar for the past 18 months.
  • Central Bank of Kenya (CBK) Governor Kamau Thugge implemented measures including interest rate hikes and reopening forex access.
  • Despite stability against the dollar, the shilling has weakened against the pound (6.7%) and euro (11%) over the past year, raising concerns about potential tight exchange rate management.

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