The significant weakening of the shilling versus the dollar handed the Central Bank of Kenya (CBK) an unrealised exchange gain of Sh68 billion on its forex holdings in the year ended June 2022, helping double its surplus for the period to Sh76.9 billion.
The unrealised forex gain surged from Sh25.27 billion a year earlier, according to disclosures in the banking sector regulator’s latest annual report.
