Kenyan Remittances Worth $609 Million In 2009 - Central Bank

NAIROBI, Feb 2

Kenyans abroad sent home $609 million last year, down from a record $611 million in 2008 but higher in local currency terms, the central bank said on Tuesday. Remittances are a significant source of foreign exchange for east Africa's biggest economy, coming after horticulture, tea and tourism. Day-to-day fluctuations in the local currency market are often driven by remittance flows. Read more