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Kenya shilling falls to a new record low
By Kepha Muiruri, 1717, August 19, 2020 (EAT)
The Kenya shilling touched a new low in Wednesday’s trading session against the U.S. dollar as the local unit now sees new bouts of volatility. T...

Central Bank of Kenya (CBK) , COVID-19 , shilling
Money in circulation grows by Ksh.203 billion in four months
By Kepha Muiruri, 1929, August 5, 2020 (EAT)
Money in supply within the Kenyan economy has defied the shocks of the COVID-19 pandemic expanding by Ksh.203 billion or an equivalent 30.7 per cent. ...

Central Bank of Kenya (CBK) , COVID-19 , money in circulation
Fighting fakes: Mobile phones the most counterfeited goods in Kenya
By Dorcas Wangira, 1551, June 1, 2020 (EAT)
Kenya loses an estimated Ksh. 30billion every year in tax evasion, unlicensed goods and counterfeit, according to various studies. The country is t...

mobile phones , phones , smartphones
No relief for consumers as changes to Value Added Tax take effect
By Kepha Muiruri, 1120, April 4, 2020 (EAT)
Kenyans have barely found relief in the cost of basic commodities as changes to the Value Added Tax (VAT) charge were effected in line with March 25 P...

coronavirus , VAT
Coronavirus: All 47 Governors, their deputies to take 30% pay cut
By Benjamin Muriuki, 1842, March 26, 2020 (EAT)
Council of Governors Chairman Wycliffe Oparanya has announced that all the 47 County Governors and their deputies will take a voluntary pay cut of 30 ...

coronavirus , COVID-19 , Governors
How much Uhuru, Ruto will be earning after 80% pay cut
By Sam Gituku, 1253, March 26, 2020 (EAT)
In a view to releasing more money into circulation and in keeping with the tough economic times Kenyans are experiencing, President Uhuru Kenyatta has...

pay cut , Uhuru kenyatta , william ruto
All eyes on CBK on review of Kenya economy base lending rate
By Kepha Muiruri, 839, November 22, 2019 (EAT)
All eyes will be on the Central Bank of Kenya (CBK) as it offers guidance on the direction of interest rates in the market. The CBK has been relati...

CBK , CBR
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...

CBK , demonetization , old notes , patrick njoroge
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. ...

CBK , demonetization , new notes
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...

CBK , demonetization , new notes
Businesses break off use of old Ksh.1000 notes days to Oct 1 deadline
By Kepha Muiruri, 1945, September 23, 2019 (EAT)
Consumers looking to transact in the old series Ksh.1000 note face the risk of rejection by businesses as many of the enterprises dissociate themselve...

CBK , demonetization
‘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...

CBK , mwalimu churchill , new currency kenya
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...

CBK , demonetization
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...

CBK governor Patrick Njoroge , Central Bank of Kenya , New currency
‘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...

Central Bank of Kenya (CBK) , demonetization , new notes , patrick njoroge
Kenyan banks at pains to offer new currency as shortfall hits
By Kepha Muiruri, 1152, July 20, 2019 (EAT)
Kenyan banks have re-configured their teller machines to churn out old-series notes. A senior banking official told Citizen Digital that lenders ba...

CBK , demonetization , New currency
Rising food, fuel prices push June inflation rate to 5.7pc
By Kepha Muiruri, 1759, June 29, 2019 (EAT)
The Kenya National Bureau of Statistics (KNBS) has quoted the end month inflation rate at 5.7 percent to indicate a 0.2 percent upward adjustment to c...

CBK , consumer prices in Kenya , Inflation , kenyan shilling , KNBS
Why new notes are taking time to hit your wallet
By Kepha Muiruri, 1245, June 7, 2019 (EAT)
While a number of Kenyans have already gotten their hands on the new age currency notes, a similar proportion is yet to interact with the new notes to...

Central Bank of Kenya (CBK) , demonetization , New currency
New notes hit banking counters, CBK confirms circulation
By Kepha Muiruri, 1647, June 6, 2019 (EAT)
The Central Bank of Kenya (CBK) has confirmed the release of the first batch of new currency notes to commercial banks bringing into circulation the m...

CBK , demonetization , new currency kenya
CBK to mop up 217.6 million old series Ksh.1000 notes
By Kepha Muiruri, 2109, June 3, 2019 (EAT)
Data from the Central Bank of Kenya (CBK) indicates that there are 217.6 million old-series Ksh. 1000 notes in circulation today, a pivotal figure to ...

Central Bank , New currency , patrick njoroge