Nation | by Xinhua
Kenya’s foreign exchange reserves have declined by Sh27.8 billion (about $254 million) since the start of March, pulled down by external loan repayments.
The forex reserves fell from $7.605 billion at the end of February to $7.351 billion on March 11, the Central Bank of Kenya (CBK) said in its weekly update on financial markets released on Friday. Kenya’s external debt currently stands at $35 billion.
One of the loan packages, whose interest payment was due in the past days, is the $2 billion Eurobond, which was borrowed in 2018…
