Transfer Of Ksh.7.4 Billion From CBK’s General Reserve Fund To The Government Consolidated Fund

The Central Bank of Kenya (CBK) announces today, March 20, 2020, it transferred to the Government Consolidated Fund Ksh. 7,387,674,000 related to the withdrawal (demonetisation) exercise that was concluded on September 30, 2019. The transfer is in accordance with Sections 9 and 51 of the CBK Act, and followed approval by the CBK Board. The transfer was executed by crediting the Ministry of Finance’s Deposit Account at CBK.