CBK to release new Sh50 notes after public outcry

CBK to release new Sh50 notes after public outcry

- in Business, News

Central Bank Governor Patrick Njoroge on Tuesday announced the release of new 50-shilling notes following a public outcry over their shortage.

“We expect that they will circulate to the citizens,” the CBK boss said in a tweet.

He further revealed that the banks’ regulator is pushing a clean-note policy “with the aim to withdraw from circulation, notes beyond a certain level of usage.”

Early this year, Kenyans protested the low circulation of Sh50 notes and raised concern over the state of dilapidation of the existing ones.

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