Cash circulating outside banks dipped at the fastest rate since Kenya’s demonetisation phase five years ago in January this year after it fell by Sh13.3 billion to stand at Sh268.8 billion.
Data from the Central Bank of Kenya (CBK) shows that this is the biggest fall in 52 months since September 2019 when it dropped by Sh28.4 billion at the height of the four-month demonetisation exercise that was undertaken between June 1 and September 30 of the same year.
