The Central Bank of Kenya is Kenya's central bank. The bank is located in Nairobi. In March 2006, the governor of the bank, Dr. Andrew Mullei, was suspended and as of December 2006 is on trial. The acting governor of the bank is currently Deputy bank governor Jacinta Mwatela. Nairobi (pronounced )is the capital of Kenya. ... Are you kidding?, this is solid truth here, nothing escapes the eyes of Gov!!!, not even. ...
The bank's name is abbreviated to "CBK".
Central Bank of Kenya was founded in 1966 after the dissolution of East Africa Currency Board (EACB).
Countries using CFA franc There are two African currency unions; the West African Banque Centrale des Etats de lAfrique de lOuest (BCEAO) and the Central African Banque des Etats de lAfrique Centrale (BEAC). ... After independence, Kenya promoted rapid economic growth through public investment, encouragement of smallholder agricultural production, and incentives for private (often foreign) industrial investment. ... List of central banks Afghanistan – Da Afghanistan Bank Albania – Bank of Albania Algeria – Bank of Algeria Argentina – Banco Central de la República Argentina Armenia – Central Bank of Armenia Aruba – Centrale Bank van Aruba Australia – Reserve Bank of Australia Azerbaijan – National Bank of Azerbaijan Bahrain – Bahrain Monetary Agency Bangladesh – Bangladesh... ISO 4217 Code KES User(s) Kenya Inflation 10. ...
External links
Central Bank of Kenya
AfricaDatabase's Central Bank of Kenya article
"Kenya: No Governor Please, We Are Kenyans" news story from AllAfrica, on the central bank's governorship job vacancy, dated December 2006
Furthermore, the Bank was holding at the end of 1993 nearly 27 percent of total financial assets of the banking and non-bank financial institutions and the capital market and of which 54 percent were claims on the Kenya Government, 34 percent foreign assets and 12 percent claims on commercial banks.
Kenya'sbanking sector has also expanded sharply since independence, and particularly during the late 1970s and early 1980s; although the Kenyan financial sector experienced a shock in the late 1980s with failure of some of the institutions.
Furthermore, Kenya progressively experienced an increase in the share of quasi-money as a proportion of GDP rising from an average of 9.9 percent during the years 1968 to 1979 and then 11.5 percent for the period 1980-1985 and an average of 17 percent for the years 1986-1993.
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