The Central Bank of Kenya (CBK) has denied claims of alleged shortage of Ksh 200 bank notes
CBK governor Patrick Njoroge denied the claims made by Interior CS Fred Matiang’i
Matiang’i had earlier this week alleged that there was a shortage of the notes in circulation.
However, Njoroge says he is not aware of the claims, noting that they have enough supply for the notes.
At the same time, the CBK boss added that they recently supplied the common notes worth KSh 2.1 billion.
“We supply notes as demanded by banks. We supplied the equivalent of 2.1 billion KSh 100 notes in July” .
“When a bank demands, we provide. It is our job to ensure that we have a constant supply of needed legal tenders for the sake of the economy,” said Njoroge
Matiang’i had alleged that politicians were using the Sh 200 notes to bribe voters in a bid to influence their decisions ahead of the poll.
He accused some businessmen of being involved in money laundering activities to finance politicians
“Car dealers changed billions of shillings. How many cars do you need to sell to be able to have billions and all these dealers are friends of senior politicians? he posed.
They are now the ones financing all these KSh 200 and KSh 500 notes in the villages and so on,” CS Matiang’i added.