Central Bank of Kenya’s Reserves Soar to Highest Level Since 2020
14 November 2024
The Central Bank of Kenya (CBK) has seen its foreign exchange reserves reach a four-year peak, growing by US$1.97 billion over the past ten weeks as the bank actively purchased excess dollars amid increased supply of the currency. The most recent week saw a remarkable surge of US$737 million, representing an 8.6% increase that brought total reserves to US$9.323 billion.
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