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Crisis of dollar shortage and what it means

The United States dollar. [Wilberforce Okwiri, Standard]

The Central Bank of Kenya (CBK) is the custodian of the country's foreign exchange reserves which ensures Kenya has enough money to pay for imports and foreign debt that are often denominated in dollars.

According to the Central Bank of Kenya Act, the regulator is expected to maintain adequate official foreign exchange reserves equivalent to the value of four months imports.

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