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Kenya's forex reserves shrink by Sh51b amid dollar crisis

Foreign exchange reserves are used for State payments such as servicing external debt. [iStockphoto]

Kenya's foreign exchange reserves have dropped by Sh51 billion in the last month, falling to their lowest level in over a decade last Friday amid the raging dollar crisis.

The pool of critical reserves fell for the latest straight week in a row to Sh844.3 billion at the week ending March 9, the Central Bank of Kenya (CBK) weekly statistical supplement showed on Friday.

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