Kenya's forex reserves plunge, worsening dollar crisis

NAIROBI, May 19 (Xinhua) -- Kenya's forex reserves declined 21 billion shillings (about 171 million U.S. dollars) this week, worsening the country's dollar crisis, the Central Bank of Kenya said in its update of the financial markets released Friday.

The reserves declined from 6.468 billion dollars last week, an equivalent of 3.6 months of import cover, to 6.297 billion dollars, or 3.5 months of import cover, sa