Ever heard of conflict entrepreneurs? There are people who make good money when there is war. When war ends, they disappear. The best example of such people are Lebanese. They are in South Sudan, Liberia, Sierra Leone, Ivory Coast. And they are super rich. When conflict ends in these countries, they will move
yes kcb has a good rate, the problem is that rarely do buy pounds nowdays, and if they do is for selected few once in a month. That rate they offer is like imposed by the govt and not the real market value for the pound.
Simple. Demand and supply. The supply of dollar is very low because of the oil problems (i.e. shutdown in 2012, rebels, fall of global oil price) On the other hand, demand is sky high. The country relies heavily on imports on almost all goods and services. This puts pressure on the dollar.