Tag: forex reserves
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Forex Reserves of Kenya Rises on Inflows
Kenya's foreign exchange reserves surged by a record 25.6 billion shillings (162.4 million U.S. dollars) this week, just days after the government anticipated external...
Kenya restricts sale of dollars by remittance firms amid dwindling forex reserves
The Central Bank of Kenya (CBK) on Thursday restricted the amount of U.S. dollars firms that remit money abroad can sell to customers per...
Kenya’s Shilling under pressure over forex reserves drop
Kenya's foreign exchange reserves declined 9.42 billion shillings (about 70 million U.S. dollars) this week, piling pressure on the shilling that similarly fell to...
Zambian bank partners with manufacturing body to spur industrialization
A Zambian bank on Monday pledged to work with manufacturing firms in the country in order to spur value addition and industrialization.
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In 2018, Morocco’s Forex Reserve Almost Diminished by 5 Percent
Morocco's net international reserves amounted to 24.2 billion U.S. dollars by the end of 2018, with a year-on-year decrease of 4.9 percent, official statistics...
