People are talking about cash outside banks as if it is a secret issue. CBK reports all the time about the exact amount of cash in circulation outside banks. Look at the table below and see that there is no surge in such during Jubilee reign to warrant this demonetisation craze.
Any attempt to demonetise old currency is sensational and unconstitutional. It will achieve nothing as far as fighting corruption is concerned.
Remember that those who looted money gave themselves a three year amnesty to bring the dollars back into the country without any questions asked. So far they have returned one trillion shillings from abroad.
This idea that stolen money is held by people in sacks is quite simplistic. If there are people holding stolen money in cash most likely it is in dollars.
Any attempt to demonetise old currency is sensational and unconstitutional. It will achieve nothing as far as fighting corruption is concerned.
Remember that those who looted money gave themselves a three year amnesty to bring the dollars back into the country without any questions asked. So far they have returned one trillion shillings from abroad.
This idea that stolen money is held by people in sacks is quite simplistic. If there are people holding stolen money in cash most likely it is in dollars.
