The Sh1,000 note is entrenching itself at the heart of Kenya’s cash economy as notes in circulation surged to Sh388.4 billion after the new currency printing tender.
Latest data from the Central Bank of Kenya (CBK) shows the notes in circulation have grown from Sh278.64 billion in August 2024, coinciding with the award of a currency printing tender to a German firm, Giesecke+Devrient Currency Technologies GmbH.
