CBK should go ahead with digital shilling bid

The Central Bank of Kenya building in Nairobi. PHOTO | DENNIS ONSONGO | NMG

Named after the Greek goddess Juno Moneta, money has existed in various forms for a long time. According to ancient history, Rome’s currency was first minted at Juno Moneta’s temple in coins.

Over the years money has undergone a lot of changes, moving from coins to gold-backed paper notes and then eventually to fiat money which is backed by central banks through law.

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