Kenya's forex reserves hit new high after Eurobond debt settlement


NAIROBI, July 12 (Xinhua) -- Kenya's foreign exchange reserves hit a new high of 7.896 billion U.S. dollars Friday after rising 121 million dollars, the Central Bank said in its weekly update of the financial markets.

The surge comes about a week after the country fully settled its 2 billion dollar Eurobond debt taken in 2014 using a loan from the World Bank.

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