Currency in circulation up 6pc as Kenyans liquidate savings

DN2 1803 KENYAN CURRENCY

A surge in the money in circulation points to increased demand for physical cash, an indication of a rise in the need for liquidity.

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The total value of physical money circulating in the Kenyan economy rose by 5.6 percent in the year to June 2024, as citizens withdrew more money than they deposited, pointing to a growing demand and increased liquidity in the economy.

Latest disclosures from the Central Bank of Kenya—which issues the notes and coins—reveal that the total value of the currency in circulation hit Sh333.8 billion last June, up from Sh315.97 billion a year earlier.

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