The usable foreign exchange reserves stood at USD 7,051 million (3.81 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.
The usable foreign exchange reserves stood at USD 7,153 million (3.91 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 EAC region’s convergence criteria of 4.5 months of import cover.
The usable foreign exchange reserves stood at USD 7,357 million (4.02 months of import cover). This meets CBK’s statutory requirement to endeavour to maintain at least 4.0 months of import cover but still falls short of EAC region’s convergence criteria of 4.5 months of import cover.
The usable foreign exchange reserves stood at USD 7,357 million (4.02 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover but still falls short of EAC region’s convergence criteria of 4.5-months of import cover.
The usable foreign exchange reserves stood at USD 7,885 million (4.31 months of import cover). The notable surge was driven by the disbursement of USD 415.4 million under the IMF’s Extended Fund Facility and the Extended Credit Facility (EFF/ECF) arrangements. This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover but still falls short of EAC region’s convergence criteria of 4.5-months of import cover.
The usable foreign exchange reserves stood at USD 7,481 million (4.09 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover but still falls short of EAC region’s convergence criteria of 4.5-months of import cover.
The usable foreign exchange reserves stood at USD 7,375 million (4.06 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover but still falls short of EAC region’s convergence criteria of 4.5-months of import cover.
The usable foreign exchange reserves stood at USD 7,459 million (4.11 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover but still falls short of EAC region’s convergence criteria of 4.5-months of import cover.
The usable foreign exchange reserves stood at USD 7,532 million (4.15 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover. The World Bank loan facility boosted reserves, lifting the coverage above the shortfall experienced since November 2022. However, it still falls short of EAC region’s convergence criteria of 4.5-months of import cover.
The usable foreign exchange reserves stood at USD 6,479 million (3.60 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.