Mlachake
JF-Expert Member
- Oct 13, 2009
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Central Bank of Kenya Governor Patrick Njoroge has announced that cash exiting Banks will be quarantined for one week in order to contain Coronavirus.
He has also said that loans received from banks to be reviewed in terms of payment for up to one year. If you had a bank loan that was due in March 2020, you have been added an extra year to complete your loans.
Banks have also waived transaction costs due to the Coronavirus outbreak. Transacting money from your bank to your wallet or mobile will be absolutely free starting today.
SOURCE
Coronavirus: CBK directs banks to quarantine cash for a week – VIDEO
He has also said that loans received from banks to be reviewed in terms of payment for up to one year. If you had a bank loan that was due in March 2020, you have been added an extra year to complete your loans.
Banks have also waived transaction costs due to the Coronavirus outbreak. Transacting money from your bank to your wallet or mobile will be absolutely free starting today.
SOURCE
Coronavirus: CBK directs banks to quarantine cash for a week – VIDEO