The Central Bank of Kenya (CBK) has directed commercial banks to ration dollars following a shortage of the US currency and the race to protect reserves, hitting manufacturers and general goods importers.

A number of currency traders and importers say banks have imposed a daily cap on dollar purchases as firms struggle to obtain adequate Forex to meet their obligations.

For more information, please see https://www.businessdailyafrica.com/bd/economy/cbk-orders-banks-to-ration-scarce-dollars-3793078