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Kenyan governor denies shortage of small-denomination notes – Central Banking

The governor of the Central Bank of Kenya denied on July 28 that the country was facing a shortage of small-denomination banknotes. Patrick Njoroge was responding to an allegation made the day before by the interior secretary, who claimed politicians were cornering the supply to bribe voters.

The minister, Fred Matiang’i, said on July 27 that bribery explained the scarcity of 100-shilling ($0.84) and 200-shilling ($1.68) banknotes. Kenya is due to hold a general election on August 9.

Njoroge

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