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Kenya has spent nearly $1 billion of hard-currency reserves to curb excessive weakness in the shilling following the start of the Iran war.
Updated ·First reported ·1 source
Summary
Kenya has spent nearly $1 billion of its hard-currency reserves to mitigate the economic impact of the Iran war. Central Bank Governor Kamau Thugge stated the country is prepared to deploy more reserves to curb excessive weakness in the shilling.
Key Facts
- •Kenya has spent nearly $1 billion of its hard-currency reserves since the war began.[1]confirmed
- •The country is prepared to deploy more reserves to curb excessive weakness in the shilling.[1]confirmed
Locations
KenyaKenya, Africa
-0.02, 37.91Sources (1)
- initial report
Changelog
initial reportv1
Automated synthesis
Show summary
Kenya has spent nearly $1 billion of its hard-currency reserves to mitigate the economic impact of the Iran war. Central Bank Governor Kamau Thugge stated the country is prepared to deploy more reserves to curb excessive weakness in the shilling.
- • Kenya has spent nearly $1 billion of its hard-currency reserves since the war began.
- • The country is prepared to deploy more reserves to curb excessive weakness in the shilling.