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{
    "id": 97559,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/97559/?format=api",
    "text_counter": 378,
    "type": "speech",
    "speaker_name": "Dr. Oburu",
    "speaker_title": "",
    "speaker": {
        "id": 194,
        "legal_name": "Oburu Ngona Odinga",
        "slug": "oburu-odinga"
    },
    "content": "Mr. Deputy Speaker, Sir, the report which was given by the CBK was about monies which they could not detect the sources. But when we look at the indicators which tell us whether there is excess money flowing from outside, what we look at is the rate of the shilling against the dollar, for instance. If that money came in the form of dollars, it cannot be used in Kenya unless it is translated into shillings. It is converted into shillings; what it will mean is that the shilling will strengthen against the dollar. If you have looked at the trends, the shilling has been weakening against the dollar; from Kshs75 it has now gone to Kshs82 to the dollar. That shows that we are short of foreign exchange. So, there is no excess money flowing into the market, otherwise it would be reflected in our exchange rate."
}