Weekly Commentary – 11th March 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,011 million (4.90 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 25th February 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,130 million (4.97 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 18th February 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,125 million (4.97 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 11th February 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,196 million (5.01 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 28th January 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,287 million (5.07 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 21st January 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,715 million (5.33 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 14th January 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,764 million (5.36 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 7th January 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,765 million (5.36 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 17th December 2021

The CBK’s usable foreign exchange reserves remained adequate at USD 8,643 million (5.28 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 29th November 2021

The CBK’s usable foreign exchange reserves remained adequate at USD 8,773 million (5.36 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.