FEDHA🇰🇪PULSE; Stay Informed!
February 17, 2025 at 10:33 AM
*Kenyans Abroad Send KSh 55.2B Home in January 2025*
Kenyans in the diaspora sent KSh 55.2 billion ($427.4M) in remittances in January 2025, a 3.6% increase from the same period in 2024.
🔹 CBK Forex Reserves grew to $9.4B (KSh 1.2T), strengthening the shilling.
🔹 Kenya Shilling Stability – trading at KSh 129.21 per USD in February.
🔹 US remains top source of remittances at 53.2%.
CBK Governor Kamau Thugge says forex reserves support 4.8 months of import cover, ensuring currency stability.