MPs report on the shilling dip ready
31 January 2012, 11:33
Nairobi - The ad-hoc Parliamentary Select Committee on the Depreciation of the Shilling has said that its report on what could have caused it to rapidly dip will be ready by Monday next week, Capital News reports.
Led by chairman Adan Keynan, the PSC will also highlight its recommendations to Parliament on how to avert such an occurrence in future.
Several theories such as currency speculation, internal shocks to the economy and internationally induced factors have been advanced as to what could have triggered the shilling’s free fall but the committee is convinced that the problem did not stem from market fundamentals.
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