Browsing Tag

foreign exchange reserves

2 posts
shilling weakens reserves depleted

Uganda Dips Into Thin FX Reserves as Shilling Slumps—Will Defenses Hold?

Uganda’s shilling hit a 30-year low, forcing the central bank to burn through reserves—can its defenses actually hold?
fitch keeps kenya junk

Fitch Keeps Kenya at ‘Junk’ Despite Strong Forex Reserves

Fitch keeps Kenya at ‘B-‘ junk status despite $12.4B reserves and aggressive debt refinancing. Why strong forex holdings aren’t enough to escape.