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2026-08-07 08:05:26 UTC
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captjack 🏴‍☠️✨💜 on Nostr: bitcoinmakueni Ruto converted USD loan to CNY really WTF Kenya converted part of its ...

Ruto converted USD loan to CNY really WTF

Kenya converted part of its $3.5 billion Chinese railway loan from US dollars to Chinese yuan, saving about $215 million annually in debt servicing costs. The conversion shifts the loans to lower yuan-based interest rates and extends repayment terms.