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"id": 267427,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/267427/?format=api",
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"type": "speech",
"speaker_name": "Mr. Keynan",
"speaker_title": "",
"speaker": {
"id": 41,
"legal_name": "Adan Wehliye Keynan",
"slug": "adan-keynan"
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"content": "30 Thursday, 1st March, 2012 (P) Kenya Shilling from Kshs83 to Kshs107. The interest rates changed from less than one digit of 8 to 10 per cent to 30 per cent. In the process, the entire savings of the middle class were wiped out. Many home owners were rendered homeless. One of the benchmarks of economic development as outlined in the Vision 2030 - and the Vision 2030 has three pillars, namely, economic development, political development and social development. On economic development, the fundamental issue is macro-economic development. For macro-economic development to be realised, there has to be low interest rates. It is because of this that you consider again the economic policies of the Republic of Kenya vis-a-vis what happened during this particular period."
}