Search Results: foreign exchange reserves (90)

On a year-to-date basis, the shilling has depreciated by 7.6% against the dollar. This is higher than the 3.6% depreciation recorded in 2021.

This will bring the amount received from the facility to a total of USD 1.6 billion (Kshs 199.7 billion).

Diaspora remittances are part of Kenya’s largest foreign exchange earner, largely contributing to the country’s forex reserves to stabilise the shilling.

According to data from CBK, in 2021, Kenya’s real GDP was Ksh 9.39 trillion.

Kenya’s diaspora remittances rose by 19.9 per cent in the twelve months to October compared to the corresponding period of…

The Kenyan shilling depreciated to a record against the dollar attributed to increased import activities by local traders. The shilling…