EDITORIAL: Consider low-value notes for unpopular Sh1 coin

Central Bank of Kenya. FILE PHOTO | NMG

Reports that majority of shoppers and retailers are rejecting Sh1 and 50 cents coins are, to say the least, unsettling.

Of the eight qualities that economists say an ideal currency should have, coins beat notes in terms of durability and divisibility while notes may only be superior when it comes to portability.

PAYE Tax Calculator

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