Forex reserves fall Sh24bn on TDB loan repayments

Central Bank of Kenya. FILE PHOTO | NMG

Kenya’s official forex reserves fell by $217 million (Sh24.7 billion) in the last week of February on external loan repayments to the Trade and Development Bank (TDB) and creditors of the country’s second Eurobond.

The reserves, held at the Central Bank of Kenya (CBK), stood at $7.91 billion (Sh902.1 billion) on March 3, down from $8.13 billion (Sh926.8 billion) on February 24.

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