The value of foreign currency deposits held by Kenyans in local commercial banks hit a 17-month low in December last year when it stood at Sh1.26 trillion, levels last seen in July 2023 when the holdings stood at Sh1.25 trillion, new data shows.
The disclosures from the Kenya National Bureau of Statistics indicate that the deposits, expressed in local currency terms, recorded a Sh52.8 billion month-on-month dip last December from the Sh1.31 trillion held at the close of November.
