IMF funds, US dollar purchases push CBK reserves to four-year high

 Funds from the International Monetary Fund (IMF) coupled with US dollar purchases have pushed the official foreign reserves at the Central Bank of Kenya to a four-year-high. In the first week of November, the CBK reserves increased by Sh. 95 billion to Sh. 1.204 trillion. This was equivalent to USD9.323 billion. In the last week
IMF funds, US dollar purchases push CBK reserves to four-year high first appeared on Bizna Kenya Read More