Dollar bank savings rise to record Sh803 billion

The Central Bank of Kenya, Nairobi. FILE PHOTO | NMG

Cash saved by Kenyans in foreign currencies at local commercial banks rose to Sh803.6 billion in December last year, marking the first time the figure has crossed the Sh800 billion mark.

Data released by the Central Bank of Kenya (CBK) shows that foreign currency savings grew 8.5 percent to Sh803.6 billion in December 2021 compared to Sh740.6 billion a year earlier.

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