CBK lowers the lending rate to 7.25 per cent, releases Sh35.2bn to banks
CBK also reduced the cash reserve ratio from 5.25 per cent to 4.25 per cent, which saw the bank release Sh35.2 billion back to banks.
CBK transfers Sh7.4bn nabbed after demonetisation to State account
Demonetisation of the older series Sh1,000 notes was announced on June 1, 2019, aimed at addressing grave concern of illicit financial flows.
CBK to quarantine money from banks, relaxes grace period for some borrowers
CBK says it will quarantine money out of banks for at least a week, a period Dr Patirck Njoroge says is enough for coronavirus to become inactive.
CBK lowers loan rate for the first time in 14 months
CBK says move informed by the ongoing tightening of fiscal policy and conclusion that there is need to support economic activity.
Uhuru orders CBK, stakeholders to speed up establishment of a central liquidity facility
Lewis Njoka @LewisNjoka Members of savings and credit co-operatives (Saccos) will soon enjoy cheaper loans after President Uhuru Kenyatta directed Central Bank of Kenya (CBK) and concerned stakeholders to fast-track establishment of a central liquidity facility. He said the centre would enable Saccos to participate in the national payment system and allow them to develop […]
Kenyans yet to understand demonetisation
![Central Bank of Kenya Governor Patrick Njoroge announced on Madaraka Day, 2019 that old generation Ksh1, 000 notes will cease to be legal tender on October 1, 2019. [PHOTO | FILE]](https://k24.digital/wp-content/uploads/2019/07/Screen-Shot-2019-07-09-at-12.52.11-PM-1024x599.png)
By Lewis Njoka. Kenyans are concerned about how to tell genuine new currency notes from fake ones, Jamii Bora Bank customer service manager Linah Njogu has said. Njogu said although customers have responded well to Central Bank’s call to exchange the old Sh1,000 notes for new ones, many still visit banks seeking clarification on whether […]
How CBK tracks movement of cash in Kenya economy
 Gilbert Mutegi Central Bank of Kenya (CBK) is in the process of demonetising 217.6 million pieces of the Sh1,000 old series notes, which its data shows is currently circulating in the economy. Central Bank Governor Patrick Njoroge said the reason for the demonetisation is to counter the rising cases of illicit financial transactions and […]