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.

Weekly Commentary – 11th November 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,235 million (4.05 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 – 28th October 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,286 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. However, it does not meet EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 21st October 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,316 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 – 14th October 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,294 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. However, it does not meet EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 7th October 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,321 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 – 23rd September 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,448 million (4.24 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 September 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,372 million (4.20 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 – 9th September 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,346 million (4.19 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.