An Employee at a Forex Bureau Holding a Thousand Kenyan Notes and a Hundred Dollar Bills
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The unveiling of a menu featuring meal prices in dollars at a popular restaurant in Gigiri, Nairobi County, sparked a fierce debate on Wednesday.
The restaurant owner has introduced a new policy In light of the unpredictable performance of the Kenyan Shilling throughout the year. Now, customers are required to pay in dollars as a means of protecting the business. The decision was made due to the weakening of the Kenyan Shilling, which has further worsened the scarcity of dollars within the country. As of November 29th, one dollar was equivalent to 152.73 Kenyan Shillings, prompting the entrepreneur to take this necessary step.
Therefore, in order to dine at the restaurant, the owner suggests that customers convert their money into US dollars at nearby foreign exchange bureaus. This has caused confusion among observers who are surprised by the steep prices for food at the establishment in question. For a fee of $10.99, the restaurant offers free delivery to certain parts of Nairobi, which is a welcome service for locals who struggle with the high cost of food.
In certain instances, Kenyans have found themselves in situations where they must settle their bills in dollars at different establishments. This measure is taken by businesses to safeguard against potential financial setbacks. Meanwhile, Kenyans are expressing apprehension over the declining value of the shilling, which is intensifying the already burdensome cost of living. Many are urging the government to intervene and prevent any further devaluation of the shilling against the dollar.
The consequences of this situation are clearly seen across different industries. For instance, Kenya Power has contemplated the possibility of implementing dollar payments for tokens as a way to minimize its losses. Moreover, a September report by Knight Frank pointed out how the dollar is shaping the rental market for apartments and office spaces. The report revealed that businesses are steering clear of leasing office spaces because landlords demand payment in dollars.
Comments
I wonder how many people can still say 'najivunia kuwa mkenya" at this point in the Ruto administration. Folks, we have gone the Zimbabwe way.
Kalejinga Ruto must go.
Go where, you ask?
Back to Washington DC for re-deployment.
The American government needs to cease and desist from sending shameless thieves & liars to Africa.
He can be sent to steal in Delaware.
The restaurant will for certainly go belly up, just the last kicks of a dying horse!!!
Rutonomics,gachaguanomics are not working at this time.Please netizens dial back uhurunomics tactics where possible to at least help urselves.Recant the stones u threw to uhunye as works of the mademoni.Never try that at home that you belong again.Next election be driven by wisdom not greed,not hate but love of integrity.Electing thieves,land grabbers,killers,rapists,cons,fake christians/ muslims etc will just leave our country in a deep mess...only the voice of right reasoning will save the raia.
Boycott....maneno mingi ya nini? Hoteli sio moya..
That is unacceptable!!!! The government is failing wananchi here...
That's the sign of a failing economy. To get it back it will take 10 years.