Festive season remittances boost Kenya's forex reserves by 191 mln USD
NAIROBI, Dec. 28 (Xinhua) -- Kenya's foreign exchange reserves rose by 191 million U.S. dollars this week, reaching a seven-week high of 9.2 billion dollars, the central bank said in its weekly financial markets update released Friday evening.
The new reserves, equivalent to 4.6 months of import cover, increased from 9.01 billion dollars on Dec. 19, according to the apex bank. The rise was attributed to increase