Data from the Central Bank of Kenya (CBK) showed the total cash in circulation stood at Sh241.96 billion in February down from Sh265.87 billion in the same month last year. “The money in circulation indicates economic activity, so when it is expected to be higher the CBK releases money cash into the economy. It seems to have projected lower economic activity from the beginning of the year. In August and September last year, there was a notable decline in the cash in circulation as the deadline for the removal of Sh1,000 notes from circulation approached. At the time analysts also cited slow release of payments to suppliers by the national and county governments as contributing to low cash in circulation.

Source: Daily Nation May 13, 2020 03:45 UTC