The Central Bank of Kenya (CBK) has expressed confidence that the Kenyan Shilling will remain stable despite the United States withdrawing its foreign aid.
The withdrawal of the foreign aid instituted by President Donald Trump last month is expected to reduce dollar inflows into the country, impacting Kenya's forex reserves.
Trump suspended all US foreign aid for three months to allow for an audit.
However, while speaking during a press conference following the Monetary Policy Committee meeting on Thursday, February 6, CBK Governor Kamau Thugge explained that the bank does not expect the Shilling to lose against the dollar.
