Kenya’s foreign-exchange reserves have dropped to the lowest level in 88 months as the nation makes multi-billion shillings debt repayments, marking the second time in less than three months it is breaching the critical level of four months’ import cover.
Reserves currently stand at $7 billion (Sh870.7 billion, equivalent to 3.92 months of imports, the Central Bank of Kenya (CBK) said in its weekly bulletin last Friday.
