Kenya’s chief economic advisor to Kenya’s president Ruto, David Ndii, has dismissed concerns over a potential FX crisis related to the country’s oil imports. According to Ndii, Kenya re-exports 40% of its imported oil, which brings in significant USD revenue. He assured that the nation has enough USD reserves to cover payments through January for oil imports under a special credit cycle deal with producers in the Middle East. This deal allows Kenya to receive its oil stock on a 180-day credit cycle.