Forex reserves tumble to Sh828bn as the shilling strengthens

Central Bank of Kenya. FILE PHOTO | NMG

Central bank dollar reserves continued on a downward trend to close April at $7.74 billion (Sh828.6 billion), down from $7.858 billion (Sh832.9 billion) reported a week earlier.

The forex reserves, which have now fallen to a more than two-year represent the lowest level since early March 2018 when the stock of dollars held by the Central Bank of Kenya (CBK) were $7.15 billion (Sh729.81 billion).

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