CBK snubs bitcoins as new notes beckon

CBK governor and Monetary Policy Committee chairman Patrick Njoroge. photo | salaton njau

Cryptocurrency is still off the menu for Kenya, a country known as a financial inclusion hub with one of the best case of mobile money use, as it moves to replace its physical currency with new notes by mid next year.

The country is set to get a new set of notes between May and June, according to Central Bank of Kenya (CBK) Governor Patrick Njoroge, which will not bear the portrait of past presidents.

PAYE Tax Calculator

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