Kenya Has Spent Nearly $1 Billion in Reserves to Weather Iran War Shock
Kenya has spent nearly $1 billion of its hard-currency reserves since the war began, and is prepared to deploy more of its firepower to curb excessive weakness in the shilling,...
By David Herbling, Ray Ndlovu · Bloomberg Markets
Kenya has spent nearly $1 billion of its hard-currency reserves since the war began, and is prepared to deploy more of its firepower to curb excessive weakness in the shilling, central bank governor Kamau Thugge said Thursday.