How Kenyan Shilling Is Performing Against EAC Currencies After KSh 48b Increase in Forex Reserves
The Kenyan shilling has shown slight appreciation against regional currencies following a significant increase in the country's foreign exchange reserves. Data from the Central Bank of Kenya indicates that reserves have reached 6.3 months of import cover, exceeding statutory requirements.
Why it matters
Strengthened forex reserves provide economic stability and a buffer against external shocks for the Kenyan economy.
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TUKO.co.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting, offering insights into Kenyan and global economic trends.
The Kenyan shilling edged higher against two East African Community currencies in the week ending September 10, 2026.
The Kenyan shilling maintained its stability. Photo: William Ruto. Source: Facebook This is according to data published by the Central Bank of Kenya (CBK), which tracks daily market-based foreign exchange rates to reflect the shilling's value across regional markets.
The shilling bought 29.24 Ugandan shillings in the September 4-10 period, a rise of 0.10 from the 29.14 recorded in the preceding week of August 28 to September 3, representing a 0.34% appreciation.
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