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.
During the month, the usable foreign reserves increased by 5.22% to settle at USD 7.44 billion (4.17 months of import cover). This meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover. However, it lies below the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the CBK’s usable foreign reserves declined by 2.96% to settle at USD 7.07 billion (3.96 months of import cover). This falls below the 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 CBK’s usable foreign reserves declined by 1.86% to stand at USD 7.29 billion(4.11 months of import cover). This meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover. However, it is below the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the CBK’s usable foreign reserves increased by 0.66% to stand at USD 7.42 billion (4.19 months of import cover). This meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover but below the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the CBK’s usable foreign reserves declined by 4.72% to stand at USD 7.38 billion(4.20 months of import cover).However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover but falls below the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the CBK’s usable foreign reserves declined by 2.38% to stand at USD 7.74 billion(4.46 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the CBK’s usable foreign reserves declined by 2.38% to stand at USD 7.98 billion(4.74 months of import cover).However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the CBK’s usable foreign reserves declined by 2.97% to stand at USD 8.18 billion(4.86 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.