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{
    "id": 507013,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/507013/?format=api",
    "text_counter": 366,
    "type": "speech",
    "speaker_name": "Hon. Lati",
    "speaker_title": "",
    "speaker": {
        "id": 2762,
        "legal_name": "Jonathan Lelelit Lati",
        "slug": "jonathan-lelelit-lati"
    },
    "content": "analysis of our regional partners so that we are in tune with the kind of minimum requirements they require. Overall, this is a good way to get our people to save. Without savings this country is going nowhere. I looked at the Treasury Bills and it looks like our domestic market is over 90 per cent on all domestic debts on Treasury Bills and Treasury Bonds. We are actually denying Kenyans one of the biggest markets that we have in the region. No wonder Kenyans sometimes find a way to put their money under the pillows and mattresses and they end up losing it. In my opinion, there is really no difference between putting your money under a pillow or a mattress and putting it in an ordinary commercial bank in Kenya today. This is because at 1 per cent or 2 per cent - inflation in Kenya is somewhere above 10 per cent - Kenyans are losing money by depositing it. The only way we can help our countrymen is by getting them to invest in this risk-free market called Treasury Bills and Treasury Bonds. With those few remarks, I think this is one of the most progressive amendments that have come through this House and we need to support it because it will benefit a cross-section of Kenyans, from those who live in urban areas to those of us who come from the most rural parts of our country. I want to thank hon. Kabando wa Kabando for having this great idea. Thank you, hon. Temporary Deputy Speaker."
}