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{
    "id": 48063,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/48063/?format=api",
    "text_counter": 272,
    "type": "speech",
    "speaker_name": "Mr. Kinyanjui",
    "speaker_title": "The Assistant Minister for Roads",
    "speaker": {
        "id": 48,
        "legal_name": "Lee Maiyani Kinyanjui",
        "slug": "lee-kinyanjui"
    },
    "content": "I want to agree that all the issues that have been raised here before me are, indeed, true and correct. I also want to take this opportunity to ask Members to address some of the issues that have been raised as causing the increase in petroleum products. I quickly want to start with the issue of the weakening Kenyan shilling. As we are all aware, all the petroleum products are bought in dollars. In the recent months, our Kenya shilling has actually been on very serious weakening trends. As you may be aware, currently, the exchange rate is about Kshs85 per dollar. Not long ago, our shilling was actually exchanging at Kshs70 to the dollar. That increase in itself is also contributing largely to the increase in the cost of living. It would be important to note that when the politics of the country are not very well managed, it also contributes to the inflation that we have currently seen. Therefore, it is also a call to the Members of this House and the leaders in the country to tone down the political rhetoric which has been attributed to the weakening of the Kenya shilling to the dollar. I think this is an area that we can all contribute to."
}