Kenya’s forex reserves rebound to $15.25bn after 3-week slide
The reserves, up from 14.88 billion dollars on Sept. 3, now cover 6.3 months of imports, compared with 6.1 months a week earlier, the central bank said in its weekly bulletin released Friday.
Kenya's foreign exchange reserves rebounded to $15.25 billion on September 10, according to the Central Bank of Kenya, after a three-week decline. The reserves, which increased from $14.88 billion on September 3, now cover 6.3 months of imports, up from 6.1 months a week earlier. While this is still below the all-time high of $15.4 billion reached in late July, it remains above the statutory requirement of maintaining at least four months of import cover.
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