Increasing diaspora remittances to strengthen Kenyan shilling.

On 10th December, 2023, the president of Kenya promised that the exchange rate against the dollar would improve as those leaving the country would send back dollars, which would in turn ensure that the exchange rate stabilises.

The Kenyan shilling has remained significantly stable against the dollar. As of 3rd March 2026, it stood at 129 against the dollar. The CBK Governor Kamau Thugge said the stability his being seen because of diversified foreign exchange inflows.
However, concerns have been raised over how static this stability has been, including by institutions such as IMF, terming it as “too stable.”

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This Promise Tracker is an independent civic-accountability tool designed to monitor and document the progress of public commitments made by the Government of Kenya. Information presented on this platform is compiled from publicly available sources including government publications, parliamentary records, policy documents, and credible media reports. The classifications used in this tracker represent an evidence-based assessment by the platform’s researchers and should be understood as analytical judgments rather than official government determinations. While every effort is made to ensure accuracy and regular updates, the status of promises may evolve as new information becomes available. This website is not affiliated with or operated by the Government of Kenya.

Last updated: March 4, 2026 8:08 am