End year cash in circulation grew slowest in 24 years

GOW CASH
Photo credit: Compiled by John Waweru | Designed by Gennevieve Awino

Cash circulating outside the banking system in December grew 0.58 percent, the slowest in 24 years amid contracted payslips for those salaried and tough economic times for most Kenyans.

Recent data from Central Bank of Kenya (CBK) reveals that cash circulating in the economy in December increased by Sh1.67 billion to close the year at Sh292.8 billion, reflecting a 0.58 percent growth in the festive month.

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Note: The results are not exact but very close to the actual.