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April 9, 2026
2h ago

CBK Releases New Outlook for Kenyan Shilling Against U.S. Dollar

CBK Releases New Outlook for Kenyan Shilling Against U.S. Dollar

Governor Thugge expresses optimimism despite the Middle East conflict that has brought most parts of the global economy to a standstill...

✨ Key Highlights

The Central Bank of Kenya (CBK) has assured that the Kenyan Shilling will remain stable against the U.S. Dollar, citing a significant balance of payments surplus and robust foreign exchange reserves.

  • USD619 million (approximately Ksh80 billion) balance of payments surplus, even with conservative economic assumptions.
  • CBK Governor Dr Kamau Thugge stated the country is prepared for global economic shocks.
  • The CBK is also in active negotiations with the International Monetary Fund (IMF) for a new funded program, following the expiry of a previous $3.6 billion arrangement in March 2025.

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