Welcome to the Mwango Capital Podcast where we discuss topical issues on African capital markets.
In this episode hosted by Ramah Nyang, we are joined by NCBA Bank CEO and Kenya Bankers Association Chairman, John Gachora, on a discussion on the dollar shortage the country is currently facing. Mucai Kunyiha, Chairman of the Kenya Association of Manufacturers, also joins us to share the perspective of manufacturers who have raised concerns about the unavailability of dollars.
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Show Notes
00:01:30 Is there a dollar shortage?
00:03:47 Price discovery
00:12:18 Speculative accumulation of dollars
00:17:44 Net foreign assets and capital flight
00:22:41 How do we fix the shortage?
00:30:38 Raising interest rates
00:40:21 Supply of dollars by CBK
00:50:55 Inflation
00:53:46 Impact on manufacturers
01:02:20 Balance of payment problem
Episode 34: Where Are The Dollars?