The recent dip to 160 units against the US dollar after his ascent to power had sparked concerns, but Ruto's reassurance has hinted at a positive shift.
In his address in Muranga on Wednesday, the President emphasized a government plan to uplift the economy, vowing that the Shilling's newfound stability is a precursor to unprecedented strength.
The recent surge in the currency's value, now at 156.70 against the dollar, provided tangible evidence of progress for the Head of State.
He claimed that soon, Kenyans will see something they have never seen before, promising unprecedented elevation of the Kenyan currency.
"I want to assure you that the shilling has been stabilising, you all saw where the dollar was. But it will strengthen to levels never seen before," he said as reported by The Star.
Ruto also announced his commitment to averting a debt crisis, citing recent efforts to allocate funds for debt repayment.
"You have seen the other day we have put enough money to help us pay our debts," he said, adding that the country plunging into a debt crisis is something that will never happen with him in office.
The successful issuance of a $1.5 billion Eurobond underscored the government's financial resilience, even if it came at a high interest rate.
Himself and his associates have been blaming former President Uhuru Kenyatta for the debt the country currently has, saying he took too many unnecessary loans when he was in office.
As the country navigates economic challenges, President Ruto's steadfast stance and strategic financial moves aim to safeguard Kenya's fiscal stability, offering a glimpse of optimism amid previous uncertainties.
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