Don't trust, verify.
Discussion
> government will determine the FX rate applicable..,.
This looks like an over-complicated price control scheme. Does anyone understand what they're actually doing?
Answer is in the first bullet point.
Check out KES/USD chart from last year.
They're helping them to stop further depreciation depreciation of their shitcoin by allowing them to buy oil on credit which can be collateralized in KES and needs to be repaid in USD within next half a year.
Now they have 6 months more to fix their internal shit.
It's a leash. Nothing to cheer about here.