Kenya's forex reserves fall by 191 mln USD amid pressure on shilling
NAIROBI, May 24 (Xinhua) -- Kenya's foreign exchange reserves shrank by a record 191 million U.S. dollars this week, falling below the 7 billion-dollar mark to stand at 6.98 billion dollars on Friday, the central bank said in its update on financial markets.
The Central Bank of Kenya (CBK), which has reportedly sold unspecified amount of dollars to bolster the local currency shilling, normally props up the curre