Weekly Commentary – 17th February 2023

The usable foreign exchange reserves stood at at USD 6,875 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.

Weekly Commentary – 10th February 2023

The usable foreign exchange reserves stood at USD 6,939 million (3.88 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 – 27th January 2023

The usable foreign exchange reserves stood at USD 7,005 million (3.92 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 – 20th January 2023

The usable foreign exchange reserves remained adequate at USD 7,382 million (4.13 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover. However, it does not meet EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 13th January 2023

The usable foreign exchange reserves remained adequate at USD 7,415 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. However, it does not meet EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 6th January 2023

The usable foreign exchange reserves remained adequate at USD 7,381 million (4.13 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover. However, it does not meet EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 16th December 2022

The CBK’s usable foreign exchange reserves stood at USD 7,075 million (3.96 months of import cover). This falls below 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 – 9th December 2022

The CBK’s usable foreign exchange reserves stood at USD 7,103 million (3.98 months of import cover). This falls below 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 – 25th November 2022

The CBK’s usable foreign exchange reserves stood at USD 7,045 million (3.95 months of import cover). This falls below 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 – 18th November 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,191 million (4.03 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover. However, it does not meet EAC region’s convergence criteria of 4.5-months of import cover.