Weekly Commentary – 12th January 2024
Foreign Exchange Reserves The usable foreign exchange reserves stood at USD 6,829 million (3.70 months of import cover). This falls short of CBK’s statutory requirement to endeavour to maintain at…
Weekly Commentary – 15th December 2023
Foreign Exchange Reserves The usable foreign exchange reserves stood at USD 6,711 million (3.59 months of import cover). This falls short of CBK’s statutory requirement to endeavour to maintain at…
Weekly Commentary – 8th December 2023
Foreign Exchange Reserves The usable foreign exchange reserves stood at USD 6,743 million (3.61 months of import cover). This falls short of CBK’s statutory requirement to endeavour to maintain at…
Weekly Commentary – 24th November 2023
Foreign Exchange Reserves The usable foreign exchange reserves stood at USD 6,722 million (3.60 months of import cover). This falls short of CBK’s statutory requirement to endeavour to maintain at…
Weekly Commentary – 17th November 2023
The usable foreign exchange reserves stood at USD 6,785 million (3.60 months of import cover). This falls short of CBK’s statutory requirement to endeavour to maintain at least 4.0 months of import cover as well as the EAC region’s convergence criteria of 4.5 months of import cover.
Weekly Commentary – 3rd November 2023
The usable foreign exchange reserves stood at USD 6,814 million (3.70 months of import cover). This falls short of CBK’s statutory requirement to endeavour to maintain at least 4.0 months of import cover as well as the EAC region’s convergence criteria of 4.5 months of import cover.
Weekly Commentary – 20th October 2023
The usable foreign exchange reserves stood at USD 6,833 million (3.67 months of import cover). This falls short of CBK’s statutory requirement to endeavour to maintain at least 4.0 months of import cover as well as the EAC region’s convergence criteria of 4.5 months of import cover.
Weekly Commentary – 13th October 2023
The usable foreign exchange reserves stood at USD 6,872 million (3.69 months of import cover). This falls short of CBK’s statutory requirement to endeavour to maintain at least 4.0 months of import cover as well as the EAC region’s convergence criteria of 4.5 months of import cover.
Weekly Commentary – 22nd September 2023
The usable foreign exchange reserves stood at USD 6,955 million (3.80 months of import cover). This falls short of CBK’s statutory requirement to endeavour to maintain at least 4.0 months of import cover as well as the EAC region’s convergence criteria of 4.5 months of import cover.
Weekly Commentary – 15th September 2023
The usable foreign exchange reserves stood at USD 7,067 million (3.80 months of import cover). This falls short of CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover as well as EAC region’s convergence criteria of 4.5-months of import cover.