Did Kenyan president WilliamsRuto predict the collapse of the US dollar? No, ErinKFlanagan found that the posts sharing his speech were misleading. Ruto was discussing a new deal to ease demand for USD in Kenya. He did not forecast its collapse.
), losing nearly four percent of its value against the US dollar in March, according to the think tank Oxford Economics Africa.
Those with dollars might hold them in the hopes of selling at a higher price in the future, which decreases access to the US currency. The United Nations says 12 million people in Ethiopia, 5.6 million in Somalia and 4.3 million in Kenya are"acutely food insecure".
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