Forex reserves fall Sh21.8bn on foreign debt payments

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Central Bank of Kenya. FILE PHOTO | NMG

Kenya’s foreign reserves fell by Sh21.8 billion in the week to November 18, weighed down by external debt repayments due this month.

Central Bank of Kenya (CBK) latest data shows the reserves stood at Sh996.3 billion ($8.873 billion) last Thursday, covering 5.42 months’ worth of imports, down from Sh1.021 trillion ($9.094 billion) on November 11.

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