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{
    "id": 1507161,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1507161/?format=api",
    "text_counter": 209,
    "type": "speech",
    "speaker_name": "Sen. Cherarkey",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "banking system is collapsing, you do not get your money back. We need to have a proper deposit protection fund that is ensured to cushion clients in the country. Mr. Temporary Speaker, Sir, on the issue of domestic debt and foreign exchange reserves, we would like to ask the Central Bank of Kenya to ensure it is stable. In balance of trade, where we import oil and food, if we do not have sufficient foreign reserves, it will always affect the stability of the shilling. Mr. Temporary Speaker, Sir, let us be honest. There is a time the US Dollar against the Kenya Shilling had risen up to Kshs160. As we speak, it is now below Kshs130 against the US1 Dollar, which means the economy has improved. On the issue of licensing, regulatory and price stability of basic commodities--- In conclusion, there is this issue of micro-credit lending institutions. There must be a crackdown on these. For instance, in Watu Credit when somebody, especially the young people in bodaboda, finishes or is about to finish paying for their bodaboda, it disappears, and yet they had paid for it. We must arrest the rogue micro-credit, like Watu Credit, and Platinum. They are fleecing people. They are taking like kupe or ticks. They are fleecing young people who are struggling, in the bodboda sector. The new deputy governor must ensure financial surveillance is top-notch. Mr. Temporary Speaker, Sir, with those many remarks---"
}