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Uhuru sides with banks, calls for removal of interest rate caps
By Kepha Muiruri,
2127, October 17, 2019 (EAT)
President Uhuru Kenyatta has declined to sign the Finance Bill, 2019 following the move by Members of Parliament to retain interest rate caps. In a...
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Unaccounted for mattress money that never returned into circulation
By Kepha Muiruri,
1102, October 5, 2019 (EAT)
The Central Bank of Kenya (CBK) managed to put to waste sums greater than the reported Ksh.7.4 billion worth of the demonetized Ksh.1000 notes, financ...
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Here is what will happen to your old Ksh.1000 notes
By Kepha Muiruri,
2125, October 2, 2019 (EAT)
The Central Bank of Kenya (CBK) will shred and package the entire sum of 209.7 million of the collected old series Ksh.1000 notes before destroying th...
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Old notes worth Ksh7.4B now worthless, CBK says
By Kepha Muiruri,
1650, October 2, 2019 (EAT)
Kenyans returned Ksh.209.7 billion worth of notes in the recently completed demonetization cycle. According to the Central Bank of Kenya (CBK), the...
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Kenyans break ‘last minute’ stereotype as deadline for old Ksh.1K notes closes
By Kepha Muiruri,
2016, September 30, 2019 (EAT)
Commercial Banks registered average to routine operations on Monday as the window to change over to the new currency Ksh.1000 notes came to a close. ...
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Where is the illicit cash? Queries persist on the demonetization success
By Kepha Muiruri,
2112, September 25, 2019 (EAT)
Revelations by the Central Bank of Kenya (CBK) on the collected sums of the old generation Ksh.1000 notes have served to raise more questions than ans...
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CBK raises alarm over huge cash transactions in Narok ahead of Oct. 1 deadline
By Kepha Muiruri,
1926, September 24, 2019 (EAT)
The Central Bank of Kenya (CBK) has underlined the high usage of cash in Narok County as an ongoing concern ahead of the October 1 demonetization dead...
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CBK reveals only 24 individuals returned over Ksh.2 million in new notes exchange
By Kepha Muiruri,
1913, September 24, 2019 (EAT)
Only 24 transactions were individually valued above Ksh.2 million in the changeover to the new Ksh.1,000 notes in three months to September 1. Acco...
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‘Cucu still has old Ksh.1K bundles from last Christmas’, Mwalimu Churchill on CBK deadline
By Citizen Reporter,
1050, September 13, 2019 (EAT)
The Central Bank of Kenya is advising Kenyans to check on their cucu and advise her to exchange her old Ksh.1000 notes before the deadline date. Go...
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Man busted with fake currency worth Ksh.200M in Kileleshwa due in court
By Citizen Reporter,
949, September 6, 2019 (EAT)
A man who was discovered with fake currencies worth Ksh.200 million in Kileleshwa, Nairobi is set to be arraigned in court on Friday. According to ...
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U.S. Embassy to stop accepting old Ksh.1,000 notes after September 12
By Benjamin Muriuki,
1758, September 5, 2019 (EAT)
The U.S. Embassy in Nairobi has announced it will not accept the old generation 1,000 Kenya shilling notes after September 12, 2019 ahead of the Octob...
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CBK approves KCB’s acquisition of National Bank of Kenya
By Kepha Muiruri,
1913, September 2, 2019 (EAT)
The Central Bank of Kenya (CBK) has approved the 100 percent share capital acquisition of the National Bank of Kenya (NBK) by the KCB Group. The re...
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Money under mattress? Critics raise concern as CBK deadline for old Ksh.1K notes nears
By Kepha Muiruri,
1443, August 30, 2019 (EAT)
The demonetisation order from the Central Bank of Kenya (CBK) which largely involves removing old series Ksh. 1000 notes from circulation risks closin...
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Banks profitability heading for the rocks, KBA warns
By Kepha Muiruri,
1029, August 27, 2019 (EAT)
Growth in earnings by commercial banks will soon grind to a halt under prevailing macro-economic conditions, the Kenya Bankers Association (KBA) has w...
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Central Bank embarks on public awareness campaign for new currency
By Kepha Muiruri,
1234, August 16, 2019 (EAT)
The Central Bank of Kenya (CBK) has kicked off the consumer-awareness campaign to help the public know how to pick out fake new currency notes. Thi...
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Central Bank’s firefighting breaks Kenya shilling flat-run
By Kepha Muiruri,
1618, August 3, 2019 (EAT)
Central Bank stepped up its open market operations during the week to hold off further slides to the Kenya shilling valuation. According to investo...
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Cryptocurrency plan will radically transform Kenya’s monetary system: report
By Kepha Muiruri,
1334, July 30, 2019 (EAT)
A ICT Ministry-backed team has retained its quest for the development of cryptocurrency assets in Kenya in spite of regulator unease. The task-forc...
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‘The print button on my desk is disabled,’ CBK Governor Njoroge says over demonetization
By Kepha Muiruri,
1316, July 27, 2019 (EAT)
The Central Bank of Kenya (CBK) now says that the ongoing circulation of new currency notes will have minimal impact on both inflation and the macroec...
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Kenyan shilling sinks to 2-year low
By Kepha Muiruri,
2050, July 25, 2019 (EAT)
The Central Bank of Kenya (CBK) has attributed the ongoing slide of the Kenyan shilling to increased foreign payments by the private sector. The at...
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CBK confirms shortage of new Ksh.1,000 notes
By Kepha Muiruri,
1758, July 22, 2019 (EAT)
The Central Bank of Kenya (CBK) has broken its silence on the reported shortage of the new currency notes that has slowed down the Ksh.1,000 demonetiz...
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