Central Bank foreign reserves drop by Ksh11.77 billion

Kenya's foreign reserves fell by Ksh11.77 billion this week to USD 13.149 billion, the Central Bank of Kenya reported on 20 June 2026. The decline occurred as the government prepares to close its 2025/2026 fiscal year accounts.

Data from the Central Bank of Kenya showed reserves at USD 13.149 billion, down from USD 13.240 billion the previous week. The reserves still exceed the 5.6-month import cover requirement, above the statutory minimum of four months.

Remittances in May fell by 0.9 per cent to Ksh50.98 billion from Ksh51.45 billion in April. The 12-month cumulative inflows to May 2026 dropped by 0.5 per cent to Ksh647.7 billion.

The Kenyan shilling weakened slightly, trading at Ksh129.55 against the US dollar on Thursday compared to Ksh129.48 on June 11. It also lost ground against the pound, euro and Japanese yen.

“Remittance inflows remain a key source of foreign exchange earnings and continue to support the balance of payments,” the Central Bank of Kenya stated.

Makala yanayohusiana

Illustration of a Kenyan family receiving remittances from the United States, highlighting the Ksh931.8 billion inflows reported by KNBS.
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KNBS report reveals Ksh931.8 billion in remittances to Kenya

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The Kenya National Bureau of Statistics released its 2025 Remittances Household Survey Report on Tuesday showing total inflows of Ksh931.8 billion from June 2024 to May 2025. The United States accounted for 43.5 per cent of the total. Most funds went to household consumption rather than investment.

Hesabu za fedha za nje za Kenya zimeshuka kwa Ksh 47.5 bilioni hadi dola za Marekani 13.656 bilioni, zikitoa miezi 5.8 ya kugharamia bidhaa, kulingana na Tangazo la Benki Kuu ya Kenya. Kushuka huku kunatokea wakati vita vya Iran vinavuruga mauzo ya chai na nyama, na mgogoro wa mafuta unakaribia. Maafisa wanasema hesabu bado zinakidhi mahitaji ya kisheria.

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Gavana wa Benki Kuu ya Kenya (CBK), Dk Kamau Thugge, amehakikishia kuwa shilingi itabaki thabiti dhidi ya dola ya Marekani licha ya shinikizo la kimataifa, ikionyesha salio la malipo ya USD619 milioni na akiba zenye nguvu. Ameelezea matumaini licha ya migogoro ya Mashariki ya Kati na sera za biashara za Marekani. Mazungumzo na IMF yanaendelea kwa programu mpya baada ya ile ya awali kuisha.

Argentina's Central Bank acquired 328 million dollars on Wednesday, the largest purchase of the month so far. Gross international reserves reached 46.583 billion dollars.

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The Philippines posted a $131-million balance of payments surplus in May, ending a seven-month run of dollar deficits. The central bank data signals possible easing of external pressures, though analysts urge caution.

The official retail dollar closed at $1,460 on Friday, June 5, while the wholesale exchange rate rose $3.50 to $1,440.

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The World Bank will release a KSh96.9 billion loan to Kenya before the end of June after the country met required reform conditions.

 

 

 

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