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{
    "id": 271352,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/271352/?format=api",
    "text_counter": 673,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Deputy Speaker, Sir, the purpose of this report was really to investigate why the shilling within a period of just a little more than 30 days depreciated from Kshs82 to Kshs107. It has been said out there and I think for good reason that this depreciation of the shilling was artificial. It is even alleged that the crafters of this crime wanted the shilling to depreciate up to Kshs160. It is the noise Kenyans and Members of Parliament made that stopped them at Kshs107. They had set out to loot this economy. It is a big shame that people who are in public office, people who run our economy could connive and craft a crime of that magnitude, an economic crime. If this crime were to happen in any other country, maybe a whole host of people today would have been condemned to death or to prison even for life. I want to say this without fear of contradiction: hon. Members of this Parliament have to feel for Kenyans. All hon. Members, I included, are entitled to a loan of only 3 per cent; up to Kshs20 million only 3 per cent. There are Kenyans today who have a loan of Kshs15 million, but they are being charged an interest of 32 per cent. That is the crux of the matter. Let me also tell you that this morning a few of us, courtesy of Mr. Muriithi, went to meet the bankers and a few goodwill Kenyans, so that we could resolve the crisis of interest rates. We have been doing this for a period. We have been doing this for a period but what is interesting is that last week we met the banks, we told them we want you to bring down interest rates for Kenyans and the legislation which would be coming. Mr. Deputy Speaker, Sir, the banks promised us that today they would show up at a meeting at Serena Hotel. None of them showed up; that is the height of arrogance. These people are killing Kenyans. Banks are killing Kenyans and this House must not be in the business of helping banks kill our people. I want to plead with the Minister for Finance to help us ---"
}