The Central Bank of Kenya (CBK) is “actively considering” adding gold to its foreign exchange reserves as part of a strategy to diversify beyond the US dollar and other currencies, according to Governor Kamau Thugge. Speaking on the sidelines of the International Monetary Fund and World Bank Spring Meetings in Washington DC, Governor Thugge revealed […]
The Central Bank of Kenya (CBK) has embarked on plans to release new banknotes into circulation to replace the 2019 series. The regulator says the new release will affect the Ksh 50, Ksh 100, Ksh 200, Ksh 500 and Ksh 1000 banknotes. According to CBK, the new notes will bear the signature of CBK Dr. […]
Parliament has summoned Central Bank of Kenya Governor Kamau Thugge to provide details about a contract signed with an undisclosed German firm to print the country’s new banknotes. The awarding of the tender to the German company was announced yesterday by the CBK governor, but details regarding the firm’s name, the tendering process, and the […]
Dr Thugge says the Kenya shilling is now trading at 130, and the regulator expects the local currency to continue with its value correction in the coming weeks.
