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East African banks cash in on forex crisis

East Africa’s top retail banks have cashed in on the scarcity of hard currency, earning $204.91 million in additional income. This was also attributed to volatile forex market, investment in government securities and the central banks’ contractionary monetary policy to rein in on the soaring inflation. Raphael Agung spoke to CNBC Africa for more.
Fri, 09 Dec 2022 16:20:17 GMT

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