Kenya’s foreign exchange reserves rose by USD 268 million this week to USD 11.17 billion, equivalent to 4.9 months of…
Search Results: foreign exchange reserves (90)
Kenya’s forex reserves have dropped as the National Treasury disburses billions of shillings to service growing external debts. This could…
The Central Bank of Kenya announced the issuance of the Foreign Exchange Code (the FX Code) on March 22, 2023, to commercial banks,…
Kenya’s foreign exchange reserves continue to fall and currently stand at USD 6.939 billion (3.88 months of import cover) as…
Kenya is in breach of East Africa’s FX reserve policy, where members are expected to have above 4.5 months of import cover at all times.
FX Reserves have declined to 4.45 months of imports.