Kenya’s foreign exchange reserves last week surpassed the equivalence of five months of import cover for the first time since early August, boosting the shilling.
Central Bank of Kenya (CBK) data showed forex reserves rose by a marginal 0.77 per cent to $7.545 billion (Sh776.38 billion) for the week ended Thursday, an equivalent of 5.01 months of import cover against a statutory requirement of four months.
