Weekly Reports

Weekly Commentary – 20th November 2020

Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves remained adequate at USD 7,928 million (4.80 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 13th November 2020

Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves remained adequate at USD 8,142 million (4.94 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 23rd October 2020

Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves remained adequate at USD 8,223 million (4.99 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 16th October 2020

Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves remained adequate at USD 8,311 million (5.04 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 9th October 2020

Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves remained adequate at USD 8,457 million (5.13 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 2nd October 2020

Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves remained adequate at USD 8,533 million (5.18 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 18th September 2020

Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves remained adequate at USD 8,838 million (5.36 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.

Weekly Commentary – 21st August 2020

Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves slightly declined but remains adequate at USD 9.18 bn (5.61 months of import cover). This meets CBK’s statutory requirement to endeavour to maintain at least 4.0 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

Weekly Commentary – 24th July 2020

Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves slightly declined for the second week in a row to stand at USD 9.42 bn (5.72 months of import cover). This meets CBK’s statutory requirement to endeavour to maintain at least 4.0 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

Weekly Commentary – 17th July 2020

Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves slightly declined from the previous week to stand at USD 9.67 bn (5.87 months of import cover). This meets CBK’s statutory requirement to endeavour to maintain at least 4.0 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.