- CBK builds foreign exchange reserves to $8.19 billion, a 9% rise in a month
- Stable shilling and increased dollar inflows bolster market confidence
Nairobi, Kenya – The Central Bank of Kenya (CBK) has initiated dollar purchases through its Open Market Operations (OMO) to absorb excess dollars from the economy, leveraging current inflows from diaspora remittances and agriculture. The move aims to build Kenya’s foreign exchange reserves while stabilizing the currency.
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