×
The Standard e-Paper
Smart Minds Choose Us
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
A drop in Kenya's foreign exchange reserves is no cause for alarm, and speculators against the shilling in the run-up to national elections should "chill", central bank head Patrick Njoroge said on Tuesday.
The bank's hard currency reserves dropped to $7.80 billion last week, equivalent to 5.2 months of imports, and traders said the central bank has sold dollars in the market at least twice in recent days to support the local currency.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join