Kenya’s Foreign Exchange Reserves (Forex Reserves) plummeted to a 9-month low as the shilling continues to weaken against the US Dollar, according to data from the Central Bank of Kenya (CBK).
The data shows the reserves stood at Ksh.869.5 billion as of February 9.
This is compared
Kenya's shilling weakened against the dollar for the 12th consecutive month in June as the dampening global economic outlook accelerated its rate of depreciation.
The shilling is currently at 117.0 units against the dollar, amidst outcry by manufacturers over dollar shortage in the market.
This is a
The Kenya Shilling weakened to its lowest level against US dollar Monday, signaling harsh economic times an ordinary Kenya is bearing to put food on the table.
According to data by Metropol Harvest, the shilling dropped to 116 level to trade at Ksh.116.0 against U.S Dollar.
The Kenya Shilling has increased its vulnerability pace against the U.S Dollar, indicating a piled pressure on common commodity prices for Kenyans.
Data from the Central Bank of Kenya (CBK) shows the shilling is now exchanging at its lowest record of Ksh.115.7 against per dollar, with
The Kenyan shilling hit a record low Monday against US Dollar to exchange at Ksh.114.7 against US Dollar, with only 0.25 units remaining to hit 115 level against the dollar.
The shilling hit a 14-month all-time low to 114 units against the US dollar on March
Experts are now warning that the Kenyan shilling is likely to depreciate even further after it weakened against the US Dollar Tuesday.
According to the Central Bank of Kenya (CBK), the shilling is now trading at 113.62 against the dollar, 0.38 units shy to hit 114
The Kenyan Shilling has remained unstable against the US Dollar in the recent past, signaling economic headwinds amidst the ravaging coronavirus pandemic.
According to the Central Bank of Kenya (CBK), the shilling is now 0.41 units away to hit 114 level against the dollar currently exchanging