NAIROBI Custom Green Bay Packers Jerseys , July 5 (Xinhua) -- The Kenya shilling depreciated 1.1 percent against the U.S. dollar in the first half of 2017 to close at 103.7 at the end of June.
The drop was mainly due to heightened dollar demand from importers as the shilling had ended 2016 at 102.5.
The shilling remains under pressure currently, dropping against the dollar and world major currencies like the British Pound.
On Wednesday, the apex bank quoted the currency at 103.81 to the dollar in early morning trading, which was a slight drop from Tuesday's level.
The shilling had on Tuesday dropped 0.09 percent to stand 103.80 against the dollar and having fallen to 103.78 on Monday.
The Central Bank of Kenya has responded by selling large volumes of dollars in its foreign exchange reserves in bid to stem the fall.
Last week, the bank sold dollars worth 141 million to buttress the shilling Throwback Green Bay Packers Jerseys , with the forex reserves falling from 8.11 billion dollars or 5.36 months of import cover or 7.96 billion dollars or 5.26 months of import cover.
Analysts, however, noted that the shilling would remain relatively stable in the short term despite the turbulence, supported by high forex reserve level and declining global oil prices given that Kenya is net oil importer.
Besides, Kenya has a precautionary credit facility of 1.5 billion dollars from the IMF which it can utilize to stabilize the shilling and there is increased diaspora remittances that grew by 6.2 percent to 433 million dollar in quarter one.
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SANTIAGO, July 13 (Xinhua) -- The Economic Commission for Latin America and the Caribbean (ECLAC) will propose debt relief for Caribbean countries as the burden is hindering development of the subregion, said the commission on Monday.
In a press release published on its official website, the Santiago-based UN regional commission called on multilateral credit institutions to write off the Caribbean debt and help establish a resilience fund to finance regional development.
ECLAC Executive Secretary Alicia Barcena will put forward such a proposal at the 3rd International Conference on Financing for Development held in Ethiopia from Monday to Thursday.
According to ECLAC figures, five Caribbean nations -- Antigua and Barbuda Green Bay Packers Jerseys For Sale , Barbados, Grenada, Jamaica, and Saint Kitts and Nevis -- were among the world's 20 most indebted countries in terms of the ratio of public debt to gross domestic product (GDP).
The total debt burden, both internal and external Cheap Green Bay Packers Jerseys , of 15 Caribbean countries amounted to 46 billion U.S. dollars, or 71 percent of subregional GDP, the press release noted.
The debt burden hinders the subregion's economic and social progress as well as compliance with the Sustainable Development Goals (SDGs), which will be approved in September in New York, said ECLAC.
The regional commission suggested the Caribbean Community and Common Market reach an agreement with the Caribbean Development Bank Bart Starr Packers Jersey , the World Bank and the International Monetary Fund to achieve a gradual write-off of total multilateral external public debt.
In return, the beneficiary countries should make annual payments to a Caribbean resilience fund to address natural disasters, finance climate change adaptation and mitigation measurements, and boost social development, said ECLAC.
ECLAC Ty Montgomery Packers Jersey , established in 1948, is aimed at promoting regional socioeconomic development and boosting economic cooperation between its 44 member countries.
LAGOS， April 19 (Xinhua) -- Nigeria's national cricket male team has began intense training ahead of the Cricket World League Five championship in Jersey Island， an official said Tuesday.
The team held three series of camping where over 40 players were invited to test their abilities.
Head coach Uthe Ogbimi said 14 players had been selected by the team' s technical crew to participate in the event from May 21 to May 28.
Ogbimi added that the team was making plans for a training tour in Britain which is also subject to the availability of funds.
Nigeria， Oman， Tanzania， Vanuatu， Guernsey alongside hosts Jersey are expected to feature in the event. Enditem
HO CHI MINH CITY, Oct. 10 (Xinhua) -- The 2017 Asian Women's Boxing Championship will take place here from Nov. 2-10 with the expected participation of 120 boxers from 20 countries and regions, the Vietnam Boxing Federation said Tuesday.
The championship and similar tournaments will help Vietnamese boxers better their skills and spirit and look forward to bigger events such as ASIAD and Olympic.
Now, Vietnam's leading women boxers include Luu Thi Duyen Montravius Adams Packers Jersey , LeThi Bang and Ha Thi Linh. At the 2015 Asian Women's Boxing Championship in China, Ha Thi Linh won a bronze medal.
At the coming championship, Vietnamese athletes will have to compete with many strong foreign rivals, including Mary Kom, afive-time World Amateur Boxing champion Josh Jones Packers Jersey , and the only Indian woman boxer to have qualified for the 2012 Summer Olympics, said the association.
SINGAPORE, Nov. 29 (Xinhua) -- Two suspect hackers were charged on Friday with alleged hacking of the website of the Istana, the presidential palace of Singapore.
Businessman Delson Moo, 42 Marquez Valdes-Scantling Packers Jersey , and student Melvin Teo, 17, were accused of modifying the contents of the server hosting the Istana website. Both cases will be back in court on Jan. 24 next year.
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