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Central bank’s forex reserve drop at Sh815.4 billion

Central Bank of Kenya Governor Dr. Patrick Njoroge. [Photo: Courtesy]

Kenya’s forex reserve has dipped to Sh815.4 billion ($7965 million) during the period ending December 6, signifying a 5.3 monthly import cover during the period.

The forex reserve also known as foreign exchange reserves maintained a more than four months’ cover which is in line with East African Community standards of 4.5 months of imports cover as stated by the latest report by the Central Bank of Kenya.

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