Cash circulating outside banks hit an all-time high of Sh273.4 billion in July in the wake of rushed government spending at the end of the financial year in June, easing the cash flow pain for contractors, suppliers and their employees.
Data from the Central Bank of Kenya (CBK) show the cash outside banks rose from Sh257.9 billion in June to the highest level under President William Ruto’s administration and surpassed the previous peak of Sh267.7 billion set in July last year.
