The country’s dollar stock fell by $62 million (Sh6.43 billion) in the week ended last Thursday, underlining the battle by the Central Bank of Kenya to keep the shilling stable amid intensified buying by companies.
The foreign exchange reserves dipped to $7.31 billion (Sh758.05 billion) from $7.37 billion (Sh764.27 billion) a week earlier, the CBK said in an update on Wednesday.
