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Originally published by The Standard Business
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June 1, 2026
3h ago

CBK burns through forex reserves as Iran war hits homes

CBK burns through forex reserves as Iran war hits homes

Rising fuel prices linked to the Iran conflict have pushed Kenya’s inflation to a 16-month high...

✨ Key Highlights

Kenya's foreign exchange reserves are being depleted by the Central Bank of Kenya (CBK) as the ongoing conflict in the Middle East exacerbates inflationary pressures. This situation is threatening the stability of President Ruto's economic agenda, leaving households to grapple with rising costs.

  • The nation's foreign reserves are being utilized as a primary defense against monetary instability.
  • The Central Bank of Kenya is the key institution managing these reserves.
  • Rising fuel prices and inflation have reached a 16-month high, fueled by the Iran conflict, impacting household budgets.

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