Search Results: Forex Reserves (65)

Liquidity in the money markets tightened, with the average interbank rate increasing to 4.4% from 4.2%

Remittances represent an important source of foreign exchange and support many livelihoods.

The US remains the largest source of remittances into Kenya, accounting for 59 per cent of money sent back home in the month under review.

Remittances by Kenyans in the Diaspora declined by 3.2 per cent in June 2022, the Central Bank said. According to…

A weak shilling increases the cost of imports as more local currency units are now needed to exchange for the hard currencies used in the international markets.

The Kenya shilling in April slumped to an all-time low exchanging at 115.8 units against the dollar on increased dollar…