- Forex reserves dip by 6% after settling $500 million portion of debut Eurobond
- Reserves remain adequate for import cover, stabilizing the shilling
Nairobi, Kenya – Kenya’s forex reserves have dipped by 6% over the past week following the settlement of the remaining $500 million portion of the debut Eurobond issued in 2014, highlighting the significant impact of the sovereign bond on the country’s coffers.
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