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The Central Bank of Kenya (CBK) (Swahili: Banki Kuu ya Kenya) is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Kamau Thugge, CBS is the current Governor and Dr. Susan Koech is the Deputy Governor.
The National Treasury [1] of the Republic of Kenya is the Kenyan government ministry which formulates financial and economic policies and oversees effective coordination of Government financial operations.
The Capital Markets Authority of Kenya (CMA) is a government financial regulatory entity responsible for supervising, licensing and monitoring the activities of the capital markets within the Republic of Kenya, market intermediaries, including the stock exchange, and the central depository and settlement system and all other persons licensed under the Capital Markets Act of Kenya.
State Department For Citizen Services; Kenya Police Administration Police Kenya Prisons Service probation and aftercare services 3: The National Treasury And Economic Planning: John Mbadi: State Department of Finance; State Department for Economic Planning; Kenya Revenue Authority Central Bank of Kenya: 4: Ministry of Foreign and Diaspora ...
The first complementary currency introduced in Kenya was the Eco-Pesa, founded by Will Ruddick. The complementary currency in Kongowea, Mombasa County, was in circulation between August 2009 and November 2010, as part of a donor-funded environmental project. Instead of directly spending the donor funds, the complementary currency allowed to ...
An exchange rate regime is a way a monetary authority of a country or currency union manages the currency about other currencies and the foreign exchange market.It is closely related to monetary policy and the two are generally dependent on many of the same factors, such as economic scale and openness, inflation rate, the elasticity of the labor market, financial market development, and ...
The shilling (Swahili: shilingi; abbreviation: KSh; ISO code: KES) is the currency of Kenya. It is divided into 100 cents. The Central Bank of Kenya Act cap 491, mandated the printing and minting of the Kenyan shilling currency. [1]
In 2003, Mwai Kibaki's administration instituted a public debt management department within the treasury department to bring Kenya's debt down to sustainable levels. [76] In 2006, Kenya had a current account deficit of US$1.5B. This figure was a significant increase over 2005, when the current account had a deficit of US$495 million.