Cash in bank tills drop by Sh10 billion

Banknotes. [Wilberforce Okwiri, Standard]

Cash in the tills of banks reduced by Sh9.7 billion in January this year, an indicator that individuals and traders were withdrawing more money to be used to fund activities in the economy.

Data from the Central Bank of Kenya (CBK) shows that cash in the tills of banks reduced by 17 per cent, from Sh56.8 billion in December last year to Sh47.1 billion in January 2021.