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Why there is less cash circulating in the economy

National Treasury Headquarter in Nairobi (PHOTO: FILE)

A common phrase on the lips of many in the past even as we begin a new decade, whenever asked about business plans, holiday plans or short-term plans is ‘There is no money’.

Lack of money here refers to the slow rate of circulation of money in the economy or low liquidity. This phrase is not subjective nor is it the personal experience of a given few, but a collective anxiety on the overall state of the country’s economy.

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