Business Daily | by Otiato Guguyu
The amount of cash circulating outside the banking system and in people’s pockets hit a 19-month high in October, buoyed by more firms resuming operations after the easing of some restrictions imposed to stem the spread of Covid-19.
Central Bank of Kenya (CBK) data shows that cash outside banks rose to Sh223 billion in October from Sh217 billion in September and Sh194 in April — when Kenya imposed a coronavirus-induced partial lockdown that led to layoffs and pay cuts…
