This archive report was first published on 27 October 2019.
On October 27, 2019, Kenya took a significant step towards reducing cash transactions and fighting corruption with the demonetisation of certain banknotes.
The move, announced by the Central Bank of Kenya, aimed to reduce the use of cash in transactions and promote digital payments.
According to the Central Bank, the demonetisation of the KSh. 1,000 note was a key step in this direction.
