Monthly Market Commentary – September 2024
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign exchange reserves increased by 9.23% to settle at $8.03 billion (4.10 months of import cover). This was…
Monthly Market Commentary – August 2024
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign exchange reserves increased by 1.03% to settle at $7.35 billion (3.80 months of import cover). This was…
Monthly Market Commentary – July 2024
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign exchange reserves decreased by 6.74% to settle at $7.27 billion (3.80 months of import cover). This was…
Monthly Market Commentary – May 2024
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign exchange reserves decreased by 3.55% to settle at $6.98 billion (3.60 months of import cover). This falls…
Monthly Market Commentary – June 2024
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign exchange reserves increased by 11.83% to settle at $7.80 billion (4.10 months of import cover). This was…
Monthly Market Commentary – APRIL 2024
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign exchange reserves increased by 2.03% to settle at $7.23 billion (3.80 months of import cover). This falls…
Monthly Market Commentary – March 2024
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign reserves increased by 1.81% to settle at USD 7.09 billion (3.80 months of import cover). This falls…
Monthly Market Commentary – February 2024
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign reserves decreased by 2.41% to settle at USD 6.96 billion (3.70 months of import cover). This falls…
Monthly Market Commentary – January 2024
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign reserves increased by 6.61% to settle at USD 7.02 billion (3.80 months of import cover). This falls…
Monthly Market Commentary – December 2023
During the month, the usable foreign reserves declined by 1.90% to settle at USD 6.61 billion (3.50 months of import cover). This falls short of CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover as well as EAC region’s convergence criteria of 4.5 months of import cover.