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


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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