CBK bans cash, cheque payment for bonds, T-bills

Kenya’s diaspora remittances have continued to grow with projections indicating a new record high for 2023. FILE PHOTO | POOL

Investors in Treasury bills and bonds will no longer be able to make manual bids and payments for the securities at the Central Bank of Kenya (CBK) once the modernised Central Securities Depository (CSD) goes live from Monday.

The new CSD is an electronic over–the–counter trading platform that is meant to ease trading in the securities, improving liquidity and opening a more convenient avenue for Kenyans abroad to buy government debt.

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