Kenya’s official forex reserves have fallen by Sh21 billion ($192 million) from the September 9 peak of Sh1.064 trillion ($9.629 billion), reflecting possible intervention by the regulator to ward off shilling volatility and external payments.
The Central Bank of Kenya (CBK) said in a bulletin that the reserves stood at $9.437 billion (Sh1.043 trillion) as of September 30, enough to cover 5.77 months’ worth of imports.
