Kenya's central bank lifts forex reserves to 2-year high

NAIROBI, Oct. 11 (Xinhua) -- Kenya's foreign exchange reserves surged for the seventh straight week to hit a two-year high of 8.29 billion U.S. dollars as of Wednesday, as the country continued to bulk its dollar haul, according to a bulletin released on Friday.

The Central Bank of Kenya (CBK) said in its weekly update of the financial markets that the new reserves cover 4.3 months of imports, registering a jump from 8.19 billion dollars that covered 4.2 months on Oct. 3.