The government will spend $531.48 million (Sh68.7 billion) towards external debt repayments this month, denting the official forex reserves which are currently at an all-time high of $11.09 billion (Sh1.43 trillion).
The obligation represents a decline from the $546.75 million (Sh71.03 billion) that was paid out in July 2024, largely on account of falling interest rates on floating rate loans.
