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Do we need hard currency in digital era?

Adoption of a cashless economy is a chance in a lifetime to reshape the economy for a more prosperous future. FILE PHOTO | NMG

By  Bitange Ndemo

Kenya’s Ambassador to Belgium

The Central Bank of Kenya is about to spend Sh10 billion annually to print the new-look currency.

Which raises the question: Do we really need hard currency when most Kenyans now use mobile (digital) money?

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

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