Kenyan central bank says currency is overvalued.
M2 EQUITYBITES-October 26, 2023--Kenyan central bank says currency is overvalued
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Global Banking News - 26 October 2023
The Kenyan central bank governor Kamau Thugge has opined that the local currency is overvalued.
The currency, which is currently trading at record lows, has been overvalued for several years, the official said. The Kenyan shilling this week slipped to more than 150 to the dollar, which is a decline of almost 24 percent over a year.
Thugge said that the nation had been...
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