By Paul biego
The Central Bank of Kenya (CBK) has reported that the country’s foreign exchange reserves remain strong and well above statutory requirements, offering renewed confidence in Kenya’s macroeconomic stability.
According to the CBK’s Weekly Bulletin released on February 6, Kenya’s usable foreign exchange reserves stood at USD 12,387 million, equivalent to 5.3 months of import cover, comfortably exceeding the statutory minimum of four months.
The apex bank also noted that the Kenya Shilling remained stable against major international and regional currencies during the week ending February 5, 2026, reflecting sustained market confidence.
The local currency closed at Ksh 129.02 per US dollar on February 5, marginally stronger than Ksh 129.03 recorded on January 29.
“The Kenya Shilling remained stable against major international and regional currencies during the week ending February 5, 2026. It exchanged at Ksh 129.02 per U.S. dollar on February 5, compared to Ksh 129.03 per U.S. dollar on January 29,” CBK stated.
The steady performance of the Shilling, alongside robust foreign exchange reserves, underscores CBK’s continued efforts to maintain exchange rate stability and support the country’s external sector amid global economic uncertainties.
