{"id":565586,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/565586/?format=json","text_counter":310,"type":"speech","speaker_name":"Sen. Billow","speaker_title":"","speaker":{"id":260,"legal_name":"Billow Adan Kerrow","slug":"billow-kerrow"},"content":"Mr. Deputy Speaker, Sir, the Senator for Nyeri County had sought for a Statement on the depreciation of the Kenyan shilling against other major currencies. In particular, he wanted to know about the following four issues:- (1) the cause of depreciation of the Kenyan shilling; (2) the mitigating measures taken by the Government to address the issue; (3) the impact of the depreciation on the foreign loans repayment programme; and, (4) whether the Government has any plans to hedge our foreign borrowings against adverse exchange rates. The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."}