Monthly Reports

Monthly Market Commentary – November 2020

During the month, the CBK’s usable foreign reserves declined by 2.09% to stand at USD 7.95 billion (4.88 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 – October 2020

During the month, the CBK’s usable foreign reserves declined by 5.87% to stand at USD 8.12 billion (4.93 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 2020

During the month, the CBK’s usable foreign reserves declined by 3.75% to stand at USD 8.63 billion(5.23 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…