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 […]
AMISI: Banknotes change will help tame graft dragon
Caleb Amisi Kenya is faced with unprecedent hard time following the recent demonetarisation of banknotes. This is by far the most unique situation we find ourselves in, yet the most progressive step the government has taken in an effort to add impetus to the fight against graft. While some may be wondering whether the move […]