Nairobi News


CBK mum on circulation of new coins weeks after launch

It is almost a month since President Uhuru Kenyatta launched the new generation coins and Kenyans are yet to see them in circulation

The Central Bank of Kenya, during the December 11, 2018 launch, said circulation would begin the same day. Weeks later, only a few Kenyans have admitted to seeing a new generation coin in circulation.

A quick check by Nairobi News through banks within the Central Business District found that tellers are yet to make transactions using the new generation coins.

Commercial banks receive money from the Central Bank which they circulate to customers who trade in coins like supermarkets.

Nairobi News sought a comment from Central Bank of Kenya but a promised press statement has not been forthcoming.

On Twitter, some users questioned why they are yet to see the coins. Others flaunted a one shilling coin that they had come across.