CBK: Forex exchange reserve fall, diaspora remittances increaseCentral Bank of Kenya Governor Dr. Patrick Njoroge. The CBK weekly bulletin further states that the country’s international reserve is above the required minimum by regional standards. SEE ALSO :CBK: Kenya to sell infrastructure bond worth Sh50bKenya’s leading forex contributor, diaspora transmittals increased to Sh64.7 billion in third quarter of 2018, a Sh13.5 billion rise. In July, 2018, the forex reserve posted the highest mark of Sh1.22 trillion which in turn increased the import cover. In September 2018, CBK data showed the status of import cover and foreign exchange reserves in its capital account at Sh859.67 billion with import cover holding on at 5.6 months compared to a previous average of 5.76 months.

Source: Standard Digital January 09, 2019 07:18 UTC