Monthly Reports

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…

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…

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…

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.