reserves – Rayrice Forex News

As the shilling depreciates, Kenya’s foreign exchange reserves are low News Ghana

Forex Kenya’s foreign exchange reserves fell to record lows this week, leaving the shilling at its lowest level against major global currencies, the central bank said in its weekly financial market report on Friday evening. Apex Bank stated that the reserves recorded a low of 7.72 billion dollars from last week’s 7.74 billion dollars. The … Read more

Foreign exchange reserves under stress: Government delays staff visits, less important projects

The government eventually stopped the devaluation of the dollar, stopped workers’ trips abroad, and delayed many imports. This comes a day after the central bank tightened regulations on luxury and non-essential items such as sports equipment, washing machines, air conditioners and refrigerators. Follow the Daily Star Google News Channel for all the latest news. The … Read more