Treasury repays Sh63 billion CBK emergency overdrafts

The National Treasury building.

Photo credit: File| Nation Media Group

The National Treasury last week repaid Sh63.35billion in outstanding emergency loans from the Central Bank of Kenya (CBK), signaling easing cash demand pressure to settle interest on domestic debts.

CBK has disclosed in the latest weekly report that the government overdrafts plunged to a paltry Sh10 million in the week ended October 2, from Sh63.36 billion a week earlier.

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