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{
    "id": 17164,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/17164/?format=api",
    "text_counter": 300,
    "type": "speech",
    "speaker_name": "Mr. Mbadi",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "Mr. Speaker, Sir, could you allow me three? I will be very quick. First of all, I am sure the Minister is aware that the money market is a very volatile market. Therefore, sending mixed signals is disastrous. Why did the Governor of the Central Bank give conflicting reaction to the depreciating shilling first, by saying that the Government or the Central Bank would do nothing and later, sending even a more dangerous signal by informing the public that there are five banks which are involved in the hoarding of Dollars? Secondly, among some of the measures that the Minister has proposed or the Government is suggesting to take up, I did not hear the Minister mention reducing the demand on the Dollar by shifting our attention or encouraging demand for other stronger currencies like the Euro and the Pound, so that he could reduce the pressure on the Dollar. How is the Deputy Prime Minister and Minister for Finance trying to encourage the various Government departments which are involved in implementing donor-funded projects to increase their absorption rate, so as to bring in more Dollars into the economy and reduce the pressure or the demand on the Dollar and increase the supply of the Dollar?"
}