Kenyan Shilling Holds at Ksh129.81 Despite Dip in September 2026 Remittances

Author: Samuel MwanawanjugunaPublished on: October 17, 2026Country: Kenya

Business & Economy

Kenyan Shilling Holds at Ksh129.81 Despite Dip in September 2026 Remittances

The Kenyan shilling held at Ksh129.81 to the U.S. dollar despite diaspora remittances falling from USD 451.8 million in August to USD 438.5 million in September 2026. Twelve-month cumulative inflows declined 1% to USD 5.032 billion. The Central Bank of Kenya reported foreign exchange reserves of USD 14.689 billion as of October 15, equivalent to 5.9 months of import cover. Economists say monthly remittances above USD 400 million continue to support the currency and domestic economy.

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