Kenyan Shilling Holds Steady Against The Dollar as Forex Reserves Remain Strong

  • The Kenyan shilling has remained stable against the U.S. dollar
  • trading at around 129.30 KSh per dollar, as noted by the Central Bank of Kenya (CBK).
  • Kenya’s foreign exchange reserves are also sufficient, meeting the CBK’s requirement of maintaining at least four months of import cover, currently at $7.744 billion.
  • The shilling’s resilience has helped cushion the country from increasing external debt due to its dollar-denominated obligations.

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