Foreign exchange reserves have fallen to the lowest level since March 16 when it was at $6.973 billion (Sh724.56 billion), underlining increased activity by Central Bank of Kenya (CBK) to stabilise the shilling and debt payment.
The CBK says in the latest weekly bulletin that the country’s forex reserves, largely in US dollars, dropped by 100 basis points week-on-week to $7.703 billion (Sh800.42 billion) or an equivalent of 5.12 months of import cover.
