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Coins return to the market as broke Kenyans face tougher times

coins

Central Bank of Kenya data shows the value of coins in circulation hit a record high of Sh10.15 billion in the year to June, a 4.1 per cent increase from Sh9.75 billion last year.

Photo credit: File | Nation Media Group

Coins circulation rose fastest in four years in the 12 months to June this year, fuelled by a heightened financial squeeze that has seen more Kenyans turn to low-value currencies to pay for goods and services.

Central Bank of Kenya (CBK) data shows the value of coins in circulation hit a record high of Sh10.15 billion in the year to June, a 4.1 per cent increase from Sh9.75 billion last year.