#reserves

As of July 2, Kenya's foreign exchange reserves stood at USD 14.047 billion, which is sufficient to cover six months of imports. This amount exceeds the statutory minimum requirement set by the Central Bank of Kenya (CBK). The information was detailed in the CBK's latest Weekly Bulletin released on July 3, indicating that the reserves provide a strong buffer against external economic pressures.

Central bank gold holdings have reached a 50-year high, prompting questions about the factors driving this increase in reserves. The rise in gold reserves may reflect broader economic trends and shifts in monetary policy, according to Moneyweb.