Central Bank Dismisses Shortage Of Notes Claimed By Matiangi

Central Bank of Kenya (CBK) Governor Patrick Njoroge has reacted to alleged shortage of KSh 200 bank notes in the country.

This is following claims by Interior CS Fred Matiang’i that there was a shortage of the notes in circulation.

Reacting to the claims, the CBK boss said he was not aware of the claims, noting that they have enough supply for the notes.

Speaking during a Monetary Policy Committee (MPC) press briefing, CBK Governor Patrick Njoroge said that the bank has more than enough stock of the notes.

Njoroge noted that he had not received any reports on the inadequacy of the said notes.

“I do not know about this question on small notes. I do not know where this story is coming from,” he said.

Reacting to the claims, Njoroge said he was not aware of the claims, noting that they have enough supply for the notes.

He acknowledged that in July they supplied banks with 2.1 billion of Sh 100 notes as per the demand.

“We supply notes as demanded by banks. For instance, in the month of July, we supplied the equivalent of 2.1 billion of Sh100 notes,” he said.