April 26, 2025
4 mins
How to Repay a Foreign Loan After Local Currency Devaluation and Inflation?
Answered by Shaykh Muhammad Carr Question I borrowed 93,000 KES (local currency) from a friend, but she provided it in USD, which was equivalent to 600 USD at the time. Although I initially requested the loan in KES, it was given in USD. A year later, due to currency fluctuations, 600 USD now converts to […]