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Central Bank Assures Kenya Has Sufficient Reserves to Weather Currency Shocks

Central Bank Assures Kenya Has Sufficient Reserves to Weather Currency Shocks

Sputnik Africa

Central Bank Assures Kenya Has Sufficient Reserves to Weather Currency Shocks This follows moderate pressure on the currency due to the Iran war, Kenya's... 09.04.2026, Sputnik Africa

2026-04-09T18:32+0200

2026-04-09T18:32+0200

2026-04-09T18:44+0200

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Central Bank Assures Kenya Has Sufficient Reserves to Weather Currency Shocks This follows moderate pressure on the currency due to the Iran war, Kenya's central bank governor Kamau Thugge said on Thursday."We have strengthened our buffers. We were waiting for this kind of shock. That is why we built up our reserves to the level where they are now," Thugge clarified.The shilling fell about 0.7% against the dollar in March after US and Israeli strikes on Iran prompted retaliation but recovered most of those losses Wednesday after President Trump announced a two-week ceasefire with Iran. The Central Bank of Kenya has paused its rate-cutting cycle to assess spillover effects from rising global energy prices triggered by the conflict.Subscribe to @sputnik_africa Sputnik Africa | X

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