Official foreign reserves held at the Central Bank of Kenya (CBK) hit a new high of $12.1 billion (Sh1.6 trillion) last week, on excess cash from a $1.5 billion (Sh193.7billion) Eurobond sale earlier this month.
Last week’s reserves at the CBK surpassed the previous record of $11.2 billion (Sh1.4 trillion) set in July this year, reflecting an improvement in the availability of foreign currency after months of increased inflows from debt financing and exports.
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