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Investor Presentaiton

109 108 107 02/08/2021 06/08/2021 12/08/2021 18/08/2021 24/08/2021 KES KES 111 110 30/08/2021 3/9/2021 9/9/2021 15/09/2021 21/09/2021 EXCHANGE RATE MARKET USD/KES Exchange Rate 115 114 113 112 27/09/2021 1/10/2021 7/10/2021 14/10/2021 21/10/2021 27/10/2021 02/11/2021 08/11/2021 12/11/2021 18/11/2021 24/11/2021 30/11/2021 06/12/2021 10/12/2021 17/12/2021 23/12/2021 30/12/2021 05/01/2022 11/01/2022 17/01/2022 21/01/2022 27/01/2022 02/02/2022 08/02/2022 14/02/2022 18/02/2022 24/02/2022 02/03/2022 The KES continued to gradually weaken against the USD to trade at an official mean rate of 114 in early March. The market has recorded reduced inflows of US dollars as well as increased demand by importers following the steady rise in crude oil and other commodities. ■ For example, oil import bill rose 58% yoy to December 2021. Similarly, industrial supplies import bill was up 30% over the same period. Into Q2 2022, we expect further weakening due to continued demand by importers and limited significant increase in exports. 11 BANK GO 調
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