17/12/1994 The Indian Ocean Newsletter N°651

KENYA

AVOIDING THE LONDON CLUB

Kenya is in a cleft stick. Its central bank is holding a record level of foreign currency reserves (estimated at around one billion US dollars) and the national currency has a very good rating (the Kenyan shilling appreciated more than 80 percent against the US dollar over the past twelve months). (...)   [259 words]   [€5]
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