CBK embarks on buying dollars from commercial banks to boost currency

March 3, 2020

Less than a minute

The Central Bank of Kenya has embarked on buying dollars from commercial banks to boost Kenya’s foreign currency reserves.

This is in preparation for heightened volatility and uncertainty in the global economy that has especially been sparked off by the coronavirus crisis. The CBK aims to buy up to $100 million per month between the month of March and June.

March 3, 2020

Less than a minute

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.