The Central Bank of Kenya’s weekly bulletin shows that forex reserves fell by Kes 28 billion in the week ended September 2 to $7.37 billion (Kes 884 billion) from $7.6 billion (Kes 912 billion) the previous week.
”The usable foreign exchange reserves remained adequate at 4.2 months of import cover. This meets the CBK’s statutory requirement to endeavor to maintain at least four months of import cover,” CBK said.
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