The Central Bank of Kenya (CBK) doubled the unrealised exchange gains on its dollar reserves to Sh131.5 billion in the year to June 2023 from Sh68.6 billion a year earlier on the back of a significant weakening of the shilling against the US currency in the period.
The jump in the value of forex holdings at the monetary regulator helped raise its net surplus for the year to Sh150.5 billion from Sh76.9 billion in the year to June 2022, according to disclosures in the regulator’s latest annual report.
