Recent days have seen an improvement in the greenback’s availability for large dollar purchases, which is a notable change from the previous market situation, in which some days, banks ran out of US currency while other days placed a daily restriction on dollar purchases of as small as $5,000 (Ksh678,750).
Kenya’s acute dollar shortage has subsided after the interbank currency market’s resurgence on instructions from the country’s state house.
In recent years, the interbank market for a hard currency has been inactive as a result of what traders have described as harsh central bank enforcement that has made it challenging to conduct transactions.
