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Kenya’s forex reserves decline amid foreign debt repayments, particularly to China

Kenya’s forex reserves decline amid foreign debt repayments, particularly to China

Business new tamfitronics Kenya’s foreign exchange reserves have experienced a significant drop of USD 487 million (about KES 63.9 billion) over the past week, following substantial repayments of external debt. An English-language daily business newspaper published in Kenya, Business Daily, reported that this decline has reduced the resources critical for supporting the local currency. The […]

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