  Mobile-Based Financial Services, utilizing technological platforms to enable the provision of innovative financial services. In just over 5 years, over 15 million Kenyans have been integrated into the financial system through this innovative channel.
The built-in flexibility allows the domestic currency to be responsive to market forces, while it meets the concern of the authorities for ‘basic stability’ and orderly movement in forex markets. In contrast to a pure float, this mechanism can prevent excessive exchange rate volatility that can have adverse impacts on external trade and investment.