During the month, the usable foreign reserves declined by 1.48% to settle at USD 6.84 billion (3.67 months of import cover). This falls short of CBK’s statutory requirement to endeavour to maintain at least 4 months of import cover as well as the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the usable foreign reserves declined by 1.48% to settle at USD 6.84 billion (3.67 months of import cover). This falls short of CBK’s statutory requirement to endeavour to maintain at least 4 months of import cover as well as the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the usable foreign reserves declined by 1.99% to settle at USD 6.94 billion (3.80 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.
During the month, the usable foreign reserves declined by 4.03% to settle at USD 7.08 billion (3.83 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.
During the month, the usable foreign reserves decreased by 1.32% to settle at USD 7.38 billion (4.03 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover. However, it still falls short of EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the usable foreign reserves increased by 15.39% to settle at USD 7.48 billion (4.12 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover. The increase was attributed to support from the World Bank loan facility, resolving the shortfall experienced since November 2022. However, it still falls short of EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the usable foreign reserves decreased by 0.45% to settle at USD 6.48 billion (3.60 months of import cover). This lies below 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.
During the month, the usable foreign reserves increased by 1.28% to settle at USD 6.51 billion (3.62 months of import cover). This lies below 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.
During the month, the usable foreign reserves declined by 5.83% to settle at USD 7.01 billion (3.92 months of import cover). This lies below 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.
During the month, the usable foreign reserves declined by 5.83% to settle at USD 7.01 billion (3.92 months of import cover). This lies below 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.