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William Ruto pushes CBK to implement rule on transactions above Sh1m

CBK Governor Patrick Njoroge. [File, Standard]

President William Ruto wants the Central Bank of Kenya (CBK) to relax the rules for reporting transactions beyond Sh1 million.

The CBK has been hesitant to the implement a similar order given by retired President Uhuru Kenyatta citing money laundering concerns and breach of international obligations.

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