Monthly Reports

Monthly Market Commentary – November 2021

During the month, the CBK’s usable foreign reserves declined by 4.77% to stand at USD 8.74 billion (5.34 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

Monthly Market Commentary – September 2021

During the month, the CBK’s usable foreign reserves increased by 5.02% to stand at USD 9.44 billion(5.77 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

Monthly Market Commentary – August 2021

During the month, the CBK’s usable foreign reserves declined by 3.80% to stand at USD 8.99 billion(5.49 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

Monthly Market Commentary – June 2021

During the month, the CBK’s usable foreign reserves gained by 8.48% to stand at USD 8.11 billion (4.96 months of import cover). This meets the CBK’s statutory requirement to endeavour to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

Monthly Market Commentary – May 2021

During the month, the CBK’s usable foreign reserves declined by 2.40% to stand at USD 7.48 billion (4.57 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

Monthly Market Commentary – April 2021

During the month, the CBK’s usable foreign reserves gained by 4.36% to stand at USD 7.66 billion (4.70 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

Monthly Market Commentary – March 2021

During the month, the CBK’s usable foreign reserves declined by 0.76% to stand at USD 7.61 billion (4.67 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

Monthly Market Commentary – February 2021

During the month, the CBK’s usable foreign reserves declined by 0.76% to stand at USD 7.61 billion (4.67 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

Monthly Market Commentary – January 2021

During the month, the CBK’s usable foreign reserves declined by 1.12% to stand at USD 7.66 billion(4.71 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

Monthly Market Commentary – December 2020

During the month, the CBK’s usable foreign reserves declined by 2.53% to stand at USD 7.75 billion(4.76 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.