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The current game in town is guessing the next level of the shilling, which has appreciated fast and furiously. It's made more exciting by the Central Bank of Kenya (CBK) not giving the targeted exchange rate.
Economists, pseudo-economists, prophets, and naysayers are all trying to explain the sudden appreciation. The beauty of all this is that, in the fullness of time, the truth shall emerge when more information is made available, most likely in drips. Let me try to explain the surge using economics, psychology, and speculation.
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