Kenya's forex reserves fall by 212 mln USD on loan ...

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Official forex reserves held at the Central Bank of Kenya (CBK) have dropped Sh43.97billion in the last four weeks, a trend linked to the State’s increasing debt service obligations. Latest CBK ... Kenya's foreign exchange reserves have fallen by 22.8 billion shillings (212 million U.S. dollars), a drop attributed to payment of interest on external debt and central bank bid to support the local currency amid rising import bill. Imports into Kenya have been rising as countries reopen their economies and economic activities pick up in the east African nation, putting a strain on the shilling. By Nestor Gilbert. Senior writer for FinancesOnline. If he is not writing about the booming Central Bank Of Kenya Forex Reserves SaaS and B2B industry, with special focus on developments in CRM and business intelligence software spaces, he is editing Central Bank Of Kenya Forex Reserves manuscripts for aspiring and veteran authors. NAIROBI, July 16 (Xinhua) -- Kenya's foreign exchange reserves have increased by 742 million U.S. dollars after the east African nation received a World Bank loan. Central Bank of Kenya (CBK) data showed on Tuesday that its forex reserves stood at 9.765 billion dollars at the end of last week, from 9.023 billion dollars as of July 4. Foreign Exchange Reserves in Pakistan increased to 19907.50 USD Million in August from 19598.60 USD Million in July of 2020. Foreign Exchange Reserves in Pakistan averaged 16095.12 USD Million from 1998 until 2020, reaching an all time high of 24025.80 USD Million in October of 2016 and a record low of 1973.60 USD Million in December of 1999. In Kenya, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. end period net reserves with sbp net reserves with banks total liquid fx reserves 2015-16 18,142.6 4,955.9 23,098.5

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