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- The CBK is responsible for formulating monetary policy to achieve and maintain price stability, and issuing currency. The Bank also promotes financial stability through regulation, supervision and licensing of financial institutions under its mandate.
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The main functions of the Central Bank of Kenya are formulating monetary policy, promoting price stability, issuing currency and performing other functions conferred on it by an Act of Parliament.
The exchange rate published by the Central Bank of Kenya is meant to help those exchanging currencies gauge the value of the shilling on any given day. The exchange rate is calculated as the weighted average rate of the registered spot trades in the interbank foreign exchange market during the trading session within the trading platforms.
Foreign Exchange Bureau RatesDate23/04/201818/09/201705/07/201821/09/2017The Central Bank of Kenya compiles indicative foreign exchange rates daily for use by the general public. These rates reflect the average buying and selling rates of the major participants in the foreign exchange market at the open of trade every day, thus providing a good indicator for any interested party on the value of the shilling on any ...
These rates reflect the average buying and selling rates of the major participants in the foreign exchange market at the open of trade every day, thus providing a good indicator for any interested party on the value of the shilling on any particular day.
The CBK is responsible for formulating monetary policy to achieve and maintain price stability, and issuing currency. The Bank also promotes financial stability through regulation, supervision and licensing of financial institutions under its mandate.
Currency Services. By law, the Central Bank of Kenya is the only institution in the country that can issue currency. To successfully accomplish this mandate, the Central Bank ensures that it procures adequate and secure currency for distribution to meet the country’s needs.
Apr 6, 2024 · Exchange Rates The Central Bank of Kenya (CBK) announces the issuance of the Kenya Foreign Exchange Code (the FX Code) to commercial banks. The FX Code sets out standards for commercial banks, and aims to strengthen and promote the integrity and effective functioning of the...
