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Cash in circulation hits four-month high as election spending surge
Cash circulating outside the banking system hit a four-month high of Sh252 billion in April as Kenya entered the election season. PHOTO | JEFF ANGOTE | NMG
Cash circulating outside the banking system hit a four-month high of Sh252 billion in April as Kenya entered the election season where uncontrolled political spending affects money supply.
The latest data published by the Central Bank of Kenya (CBK) shows that the metric, which is a blunt measure of the economic activity in a country, grew by Sh3.69 billion from Sh248 billion a month earlier.
