As Kenya braces for Iran war fallout, CBK forex reserves hit Sh1.82t

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Kenya’s forex reserves hit a record high as global oil shocks loom. [File Courtesy]

The Central Bank of Kenya (CBK) has disclosed that the country’s foreign exchange reserves stand at a record $14.02 billion (Sh1.82 trillion), providing six months of import cover as the escalating Iran war threatens to unleash a fresh wave of external shocks on the local economy.

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