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Originally published by Capital Business
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business
December 10, 2025
1d ago

Thugge dismisses claims of forex intervention as shilling holds at Sh129

Thugge dismisses claims of forex intervention as shilling holds at Sh129

NAIROBI, Kenya, Dec 10 - Central Bank of Kenya (CBK) governor Kamau Thugge has reiterated that Kenya’s exchange rate remains fully market-driven, pushing Kenya breaking news | Kenya news today |..

✨ Key Highlights

Kenya's Central Bank Governor Kamau Thugge has refuted claims of intervening in the foreign exchange market, asserting that the shilling's recent stability against the US dollar is a result of improved economic fundamentals.

  • The Kenyan shilling has maintained a narrow trading range of Sh129-130 against the US dollar for nearly a year.
  • Kamau Thugge, Governor of the Central Bank of Kenya (CBK), stated the exchange rate is "market driven" and the bank adheres to a "non interference" stance.
  • Kenya's foreign exchange reserves reached $12 billion as of December 8, equivalent to 5.3 months of import cover, significantly increasing from $9–9.4 billion at the start of 2025.

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