Search Results: forex reserves (69)

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 economy is recovering but still faces several challenges, such as high inflation, currency depreciation, and high debt servicing costs,…

Global rating agency Standard and Poor (S&P) has revised Kenya’s outlook on debt service capacity from stable to negative. “Constrained…

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.