Banking & Economics
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Kenyan Remittances Dented by New US Tax, Fallout from Iran War
Remittance flows to Kenya could decline this year for the first time since 2009, as a new US tax on money transfers and headwinds from the Iran war stunts the nation’s largest source of foreign exchange.
Key Highlights
- Remittance flows to Kenya could decline this year for the first time since 2009, as a new US tax on money transfers and headwinds from the Iran war stunts the nation’s largest source of foreign exchange.
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Reported by Eric Ombok · Syndicated via official news feed
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