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Kenyans withdraw Sh58.5 billion from their accounts after Uhuru re-opened economy

CBK Governor and Chairman of Monetary Policy Committee (MPC) Dr Patrick Njoroge. [File, Standard]

Kenyans withdrew more than Sh58.5 billion from their bank accounts in August after President Uhuru Kenyatta partially re-opened the economy.

The easing up led to a drop in total money supply in the economy from Sh3.9 trillion in July to Sh3.84 trillion in August, according to data from the Kenya National Bureau of Statistics (KNBS).

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