Moses kuria warns that Ksh. Could depreciate to 170 if IMF does not disburse anticipated fund.

Former Kenyan Cabinet Secretary Moses Kuria has issued a warning that the Kenyan shilling could depreciate to Ksh 170 against the US dollar within 19 days if the International Monetary Fund (IMF) does not disburse the anticipated funds. This highlights the potential vulnerability of the Kenyan currency, which has already been under pressure due to various economic challenges, including rising debt levels and global economic uncertainties. The timely release of these funds is seen as crucial to stabilizing the currency and maintaining economic confidence.

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