President Uhuru Kenyatta on late Wednesday officially opened a fourth Central Bank of Kenya (CBK) currency centre in Kisii town aimed at easing the distribution of cash to counties in Nyanza region.
According to CBK Governor Patrick Njoroge, the currency center is one of the most modern in Kenya and will support economic growth in the counties through the provision of services to residents, county governments, and commercial banks.
“This branch will offer currency and technology services to county governments and banks, thus support the economic growth of this region,” Dr Njoroge said on Wednesday.
President Uhuru on his part said its presence would ease access to money sent from outside the country. “This currency centre will ensure that the costs you incurred getting the money sent to you from your relatives abroad go down,” he stated.
“I believe that the people of this region also have a reason to not only be proud but also that going forward it would be much easier for government institutions including county governments and our banks to operate in a much smoother and economical manner as a result of the work the central bank has done here.”
There are currently three other currency centres in Nyeri, Nakuru, and Meru and the main CBK branches in Mombasa, Kisumu, and Eldoret.
CBK collaborated with commercial banks through the Kenya Bankers Association (KBA) to establish the currency centre.
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