In a bid to curb the fast spreading Corona virus in the country,the government has made a move that will see all hard cash received in banks isolated for one week.
Addressing the media Wednesday morning,Central Bank of Kenya Governor Patrick Njoroge announced that the money will be isolated for a week to combat the virus.”To ensure the virus is not transmitted via cash, all cash exiting banks will be quarantined for 1 week. Mobile money transactions shall be enhanced with the limit per transaction now at Ksh. 150,000 & monthly limit of Ksh 1 Million eliminated,” stated CBK Governor Patrick Njoroge.
Furthermore he announced that banks will provide relief to borrowers on personal loans and instructed banks to extend personal loans to a period of upto one year.The governor also said that the Bank will waive costs for balance inquiry.
President Uhuru Kenyatta on the other hand while addressing the nation encouraged Kenyans to avoid other distractors and unite to deal with the pandemic.
“We must play our parts as Kenyans. This is not the time to blame each other. To our businessmen and traders let us not take advantage of these unfortunate circumstances to make profits. We are going to take actions against you if we find you taking advantage of Kenyans,” President Kenyatta said.