Official foreign exchange reserves fell by nearly Sh22 billion last month to stand at Sh851.36 billion ($8.436 billion) as of September 27 compared to the end of August.
The reserves stood at Sh873.16 billion ($8.652 billion) at the end of August, equivalent to 5.76 months of import cover. The current official reserves cover 5.58 months of imports showing there has been significant decline in the cushion.
