BRICS vs. USD: Is the Kenyan Shilling Overtaking the Dollar?

Is the US dollar losing dominance against the Kenyan Shilling? Recent trends suggest a potential shift in the currency landscape, fueled by both internal economic factors and the growing influence of the BRICS bloc. Kenyan President William Ruto echoed BRICS sentiments recently calling for Africa to ditch the US dollar and trade in local currencies, including the Shilling.

Kenyan Shilling\'s Strength Against Regional Currencies

At the start of trading last Friday, Central Bank of Kenya (CBK) data showed that one Kenyan shilling was averaging USh25.80, Tsh17.30 and Rwf8.30. But the story doesn\'t end there; its performance against the USD is also noteworthy. When compared with March 2025 Kenyan President William Ruto echoed BRICS sentiments recently calling for Africa to ditch the US dollar and trade in local currencies, including the Shilling. Ruto delivered a speech in the US dollar losing its dominance over the Kenyan Shilling. Here\'s why the Shilling is trampling the USD in the currency markets this month.

Ruto\'s Stance and BRICS Influence

President Ruto\'s vocal advocacy for ditching the US dollar aligns with the broader BRICS agenda of de-dollarization. This push for local currency trade is gaining traction, potentially impacting the US dollar\'s global standing. According to the Kenyan President William Ruto has said that the country\'s currency – the shilling – has weakened significantly against the US dollar because the United States has...

US Dollar Under Scrutiny: A Warning from Morgan Stanley

Further fueling the debate, US wealth manager Morgan Stanley is issuing a major warning about the future of the US Dollar and stocks, much to the advantage of the BRICS bloc. This adds another layer to the complex interplay between the USD, the Kenyan Shilling, and the evolving global economic order. usdollar usd dollar kenya

The keywords usdollar, usd, dollar, and kenya are central to understanding this financial development.