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{
    "id": 1342563,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1342563/?format=api",
    "text_counter": 166,
    "type": "speech",
    "speaker_name": "Mbeere North, DP",
    "speaker_title": "Hon. Ruku GK",
    "speaker": null,
    "content": " Thank you, Hon. Speaker for the opportunity. As my colleagues have said, as an economy, we are in a problem because of the dollar rate. It is true that we have commercial banks which have huge deposits of dollar they are not releasing to the market. It is the responsibility of the CBK to ensure there is proper regulation of money supply within the economy. Within April this year, the National Treasury issued an expression of interest for sovereign bond so that probably the economy can get more dollars within the economy and stabilise the issue of Kenya shilling versus the dollar. The question which I have is: How is this getting structured? There is a way it can be structured to make it more efficient, sustainable and even the economy be in a position to reap more benefit from issuance of sovereign bond. Can the Cabinet Secretary explain to us whether looking into establishing a company which can purposely be for getting sovereign bond issued within the international markets and probably the same company can be in a position to enter into joint ventures with other companies in the international markets for the purposes of issuance of sovereign bonds?"
}