Kenya’s forex reserves fall to five-year low as shilling depreciates

[Deeq A.]

Kenya’s foreign exchange reserves fell by a record 28 billion shillings (233 million U.S. dollars) this week to settle at a five-year low amid a sustained decline of the local unit against global currencies, the Central Bank of Kenya (CBK) said in its weekly update of the financial markets released on Friday evening.

Source: Hiiraan Online