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February 11, 2026
2h ago

CBK Governor Responds to Claims Kenyan Shilling Could Fall to Ksh 150

CBK Governor Responds to Claims Kenyan Shilling Could Fall to Ksh 150

According to him, sustained inflows are strengthening the country’s foreign exchange position...

✨ Key Highlights

Central Bank of Kenya (CBK) Governor Dr Kamau Thugge has assured the public that the Kenyan shilling will remain stable, dismissing fears of its depreciation to Ksh 150 by 2026. He emphasized strong economic fundamentals and sustained cash inflows.

  • The CBK projects a balance of payments surplus for both the current year and 2027, following a surplus in 2023.
  • The shilling has recovered to around Ksh 129 against the US Dollar from early 2024 lows of Ksh 165, supported by USD 12.5 billion in foreign exchange reserves.
  • A currency swap agreement in October 2025 converted approximately Ksh 647 billion of SGR loans from dollar-denominated to Yuan, reportedly saving Kenya about Ksh 21.5 billion in January 2026 alone.

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