This was a 13.8% increase from the USD 372 million (KSh 48.06 billion) that was recorded in June 2024.

CBK further stated that the 12-month cumulative inflows to June 2025 increased by 12.1% to USD 5.08 billion (KSh 656.99 billion) compared to USD 4.54 billion (KSh 586.09 billion) in a similar period in 2024.

"The steady growth in remittance inflows remains a key source of foreign exchange earnings and continues to support the balance of payments," CBK noted.

One of the advantages of increased remittance inflows into the country is the sustainable foreign exchange reserves held by the CBK.

CBK reported that the usable foreign exchange reserves remained adequate at USD 11,201 million (KSh 1.448 trillion) (4.9 months of import cover) as of July 10.

CBK noted that this met the statutory requirement to endeavour to maintain at least 4 months of import cover.

Source: TUKO.co.ke