Remittances by Kenyans in the Diaspora declined by 3.2 per cent in June 2022, the Central Bank said. According to the Central Bank of Kenya (CBK), remittances dropped to KSh38.5 billion compared to KSh39.8 billion recorded in April. CBK noted that the US remains the largest source of remittances in Kenya, accounting for 59 per cent in the period. “The strong remittance inflows continue to support the current account and the stability of the exchange rate,” said CBK in its weekly bulletin. Year Month North America Europe Rest of World Total Remittances (USD ‘000) 2022 1 215,528.88 57,828.80 65,362.07 338,719.75…
Author: Lynet Awino
Lynet Awino
Lynet Okumu, a Masinde Muliro University graduate, is a digital journalist passionate about impactful storytelling. She writes on health, business, relationships, and daily life, blending accuracy and creativity to craft engaging, informative content.
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