Kenyan shilling under scrutiny after forex reserves drop by KSh 5.3 billion

According to Tuko, the Kenyan shilling's performance against East African Community currencies is being examined following a decline in forex reserves.

Britam Tower and surrounding buildings at blue hour from Radisson Blu hotel, Nairobi, KE
Illustrative image, not from this event. Daniel Case / Wikimedia Commons (CC BY-SA 4.0) · Source

According to Tuko, the Kenyan shilling's performance against other East African Community currencies is under scrutiny.

This follows a drop of KSh 5.3 billion in Kenya's foreign exchange reserves, Tuko reported.

The report did not provide further details on the current exchange rates or the timeframe of the reserves decline.

Source: Tuko