US Dollar –Government has embarked on an ambitious plan to levelize Kenyan shillings against United States US dollar.
Trade Cabinet Secretary, Moses Kuria, on Saturday March 4, revealed the plan saying President William Ruto next area of focus is to bring down the US dollar-Kenyan shilling exchange rate.
“My distinguished colleague Davies Chirchir is working hard to restructure the fuel supply chain in order to ease the pressure on the Shilling.
“He is imminently succeeding after which I see an exchange rate of Ksh85 to the dollar,” CSKuria detailed.
As on the morning of Saturday March 4, the US Dollar was trading at around sh 128 when buying and sh 137 when selling it within local financial institutions.
Yesterday Friday March 3, President William Ruto promised the country that a 6KG cooking gas will be selling at only sh 300 very soon. This is despite thegas currently retailing at sh 2,800 countrywide.
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