by Jim Hoft at The Gateway Pundit
Kenyan President William Ruto urged his constituents who “hoard” US dollars to get rid of them as the government plans to import fuel in Kenya shillings.
Ruto’s comment comes after the exchange rate for the dollar rose to as high as Kenyan Shilling 145.5, according to Capital FM.
However, dollar requests are expected to decrease in the coming weeks after the Kenyan government and its Saudi counterpart signed an import agreement for fuel importation on credit.
“And So I just want to assure those in Kenya who were facing challenges of access to dollars that we have taken steps to ensure that dollar availability in the next couple of weeks is going to be very different because our fuel companies will now be paying for fuels in Kenya shilling,” the President said during the listing of the Laptrust Imara I-REIT at the Nairobi Securities Exchange last Wednesday.