Bank forex deposits rise by Sh2.6 billion in July

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Central Bank of Kenya. FILE PHOTO | NMG

Foreign currency deposits held by Kenyans in local banks eased by Sh2.6 billion in July, signalling rising usage by importers, who had raised their holdings in June.

The value of the hard currency deposits stood at Sh757.73 billion at the end of July, Kenya National Bureau of Statistics (KNBS) data shows, down from Sh760.34 billion in June.

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