Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1236872,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1236872/?format=api",
    "text_counter": 67,
    "type": "speech",
    "speaker_name": "Hon. Musalia Mudavadi",
    "speaker_title": "The Prime Cabinet Secretary",
    "speaker": {
        "id": 84,
        "legal_name": "Wycliffe Musalia Mudavadi",
        "slug": "musalia-mudavadi"
    },
    "content": "Another factor that fuelled the problem is the exchange rate. Since the pandemic, the exchange rate has helped absorb external shocks and preserve our competitiveness. However, the Kenyan Shilling has since depreciated against major international and regional currencies. It exchanged at an average of Ksh134 per USD in April 2023 compared to Ksh117.29 in June 2022. The volatility in global financial markets has surged amidst significant strengthening of the USD against major currencies and rapid changes in policy stands in advanced economies in response to inflationary pressures. In addition, domestic foreign exchange (FOREX) demands went up on higher global prices for imported products, mainly food, fuel and fertilisers. These are now much more expensive."
}