Amount of cash in circulation continue on downward trend

Circulation of cash has declined. FILE PHOTO | NMG

The cash in circulation fell by Sh23.9 billion or nearly 10 percent in February compared to the same month last year, accelerating a trend also seen in the first month of the year.

The Central Bank of Kenya (CBK) data showed the cash in circulation stood at Sh241.96 billion in February down from Sh265.87 billion last year. This decline was an equivalent of nine per cent.

PAYE Tax Calculator

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