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Friday, June 7, 2019

For demonetization to be successful, adequate remonetization necessary

Last weekend's Madaraka Day celebration delivered unusual excitement to Kenyans following the announcement by the Central Bank Governor, that a new generation currency had been introduced to replace the old one. Of equal importance, was the additional pronouncement that the one-thousand-shilling note will be withdrawn from circulation in early October. This is in keeping with …
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