The amount of cash in circulation in the country fell by almost 9pc or Sh23.9 billion in February in comparison to the same month in 2019.
Data released by the Central Bank of Kenya (CBK) showed that the total cash in circulation stood at Sh241.96 billion in February down from the Sh265.87 billion recorded in February 2019.
In January, the amount of cash in circulation stood at Sh242.06 billion falling by 7.7pc from the Sh262.38 billion at the same time in 2019.
Now with the coronavirus and the lockdown, the cash in circulation is projected to experience a more steep slump, The cash situation is expected to worsen with the Treasury being cash tight and delaying funds for more than 27 counties.
The recent biggest decline was in August and September 2019 when the government issued a the deadline for the use of the old Sh1,000 notes. The money in circulation had fallen to Sh207.07 billion by the end of September 2019.
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