The Central Bank of Kenya is buying dollars to increase foreign exchange reserves and stabilize the exchange rate. The move…
Browsing: foreign exchange reserves
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.
Kenya’s foreign exchange reserves declined by 8.715 billion dollars to 8.287 billion dollars in the week ended Jan 28, according…
Kenya’s foreign exchange reserves fell by $203 million to $8.986 billion as of August 26 from $9.189 billion as of…
Kenya’s foreign exchange reserves rose for the second consecutive month in April, reaching $7,425 million, according to Central Bank data.…
The Kenyan currency is expected to remain under pressure in 2021 as largely driven by external factors says Cytonn Investments,…