Weekly Commentary – 19th May 2023

The usable foreign exchange reserves stood at USD 6,297 million (3.50 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.

Weekly Commentary – 12th May 2023

The usable foreign exchange reserves stood at USD 6,468 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.

Weekly Commentary – 5th May 2023

The usable foreign exchange reserves stood at USD 6,492 million (3.61 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 April 2023

The usable foreign exchange reserves stood at USD 6,531 million (3.63 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.

Weekly Commentary – 14th April 2023

The usable foreign exchange reserves stood at USD 6,376 million (3.56 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.

Weekly Commentary – 24th March 2023

The usable foreign exchange reserves stood at USD 6,550 million (3.66 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.

Weekly Commentary – 17th March 2023

The usable foreign exchange reserves stood at USD 6,560 million (3.66 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.

Weekly Commentary – 10th March 2023

The usable foreign exchange reserves stood at USD 6,566 million (3.67 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.

Weekly Commentary – 3rd March 2023

The usable foreign exchange reserves stood at USD 6,605 million (3.69 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.

Weekly Commentary – 24th February 2023

The usable foreign exchange reserves stood at USD 6,860 million (3.84 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.