Kenya’s Forex Reserves Fall by $250 Million in One Week

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Kenya’s foreign exchange reserves dropped to the lowest level in July, after consistent growth in the past four weeks. The forex reserves, which are often used as a shield against foreign exchange volatility, declined to $9.371 billion last week, compared to $9.621 billion the previous week according to data from the Central Bank of Kenya (CBK). Kenya has the largest stockpile of foreign currency reserves in the East African region.




source: Kenyan Wall Street

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