The Kenyan Shilling is once again on a winning streak after it hit a 28-month high of 128.7 against the US Dollar.
Overall inflation is currently exchanging at 3.8 percent
The Friday morning trading session showed the gains for the local unit after it closed Thursday trading at 129.2 units against the greenback.
The rally comes against the backdrop of robust foreign exchange reserves, which have surged to a record $11 billion in July — equivalent to 4.8 months of import cover.
It is an uptick from March 2023, when reserves stood at $6.4 billion and the shilling hovered at 128.6 units.
Also Read: Kenyan Shilling Holds Steady at 129 Levels as Forex Reserves Hit Record High
In last Monetary Policy Committee (MPC), the Central Bank of Kenya (CBK) Governor Dr. Kamau Thugge attributed the shilling’s strength to the healthy reserve position.
“The CBK foreign exchange reserves, which are currently at their highest level, continue to provide a buffer anytime there are shocks in the foreign exchange market.”
Kenya’s overall inflation has eased to 3.8 percent as of July 2025, a drop from 9.2 percent in March 2023\.
