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The cash in circulation fell by Sh23.9 billion or nearly 10 percent in February compared to the same month last year, accelerating a trend also seen in the first month of the year.

Data from the Central Bank of Kenya (CBK) showed the total cash in circulation stood at Sh241.96 billion in February down from Sh265.87 billion in the same month last year.

This decline was an equivalent of nine percent.

In January, the amount of cash in circulation stood at Sh242.06 billion down from Sh262.38 billion at the same time last year — making a difference of Sh20.32 billion or a dip of 7.7 per cent.

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