Forex reserves fall by Sh65bn on external debt repayments

The Central bank of Kenya in Nairobi.

Photo credit: File | Nation Media Group

The official forex reserves held at the Central Bank of Kenya (CBK) have fallen by Sh65.8 billion ($509 million) in the last three weeks following external debt repayments amid a delay in disbursement of new foreign currency loans.

CBK data shows that the reserves stood at $10.69 billion (Sh1.38 billion) on July 31, having fallen from the record high of $11.2 billion (Sh1.45 billion) on July 10.

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