Weekly Commentary – 12th August 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,682 million (4.43 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 5th August 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,721 million (4.45 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 22nd July 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,727 million (4.46 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 15th July 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,953 million (4.59 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 8th July 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 7,997 million (4.61 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 24th June 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,028 million (4.77 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 17th June 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,114 million (4.82 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 10th June 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,210 million (4.88 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 27th May 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,177 million (4.86 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 20th May 2022

The CBK’s usable foreign exchange reserves remained adequate at USD 8,294 million (4.93 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.