CBK cuts lending rate to 7pc in bid to cushion economy from virus fallout
The virus has disrupted agriculture and tourism, which are Kenya’s biggest foreign-exchange earners after remittances.
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.
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 […]