Kenya’s Currency in Circulation Rises 7% in FY2024/25 Despite Lower Cash Flows
Data from the Central Bank of Kenya (CBK) showed that currency in circulation increased by KSh 23.2 billion during FY2024/25, reaching KSh 357.02 billion, representing a 7.0% year-on-year growth, compared with 5.6% growth in the previous financial year.
The value of banknotes in circulation rose to KSh 345.64 billion from KSh 322.77 billion, while coins increased to KSh 11.38 billion.
Meanwhile, overall cash flows declined during the year. Total currency inflows fell to KSh 476.32 billion in FY2024/25 from KSh 516.85 billion a year earlier, while outflows declined to KSh 499.56 billion from KSh 534.71 billion, according to CBK data.
Despite the lower level of activity, cash withdrawals exceeded deposits, resulting in net outflows of KSh 23.23 billion, which contributed to the rise in currency in circulation. On a year-on-year basis, inflows declined by 7.8%, while outflows fell by 6.6%.
