Kenya’s official foreign exchange reserves fell to the lowest level since March as the Central Bank of Kenya (CBK) fights to maintain them above five months of import cover.
The reserves fell by Sh7.6 billion ($74 million) in the week to December 6 to stand at Sh816 billion ($7.965 billion), equivalent to 5.27 months of import cover. This is the lowest amount since March 8 when it stood at Sh733 billion ($7.155 billion).
