The Banki Kuu Ya Kenya is the
central bank of Kenya founded in the year 1966 through
Central Bank of Kenya Act, 1966. Since then the bank has been operating with a mission of maintaining price stability, fostering liquidity and creating a stable financial system in the country.
Major functions of the bank is as follows:
- Issuance of Notes and currency
- Acts as a banker to the bank and Government
- Holds and maintains foreign exchange reserves
- Maintains public debt
With regards to the structure of the bank, there is a board of directors for governing the bank. The board consists of eight members. The Governor is the Chairman of the bank and the deputy Governor as the Deputy Chairman. There is a permanent secretary to the treasury and five other non-executive directors.
The sole aim of the bank is to maintain the money circulation in the country for maintaining stability in the price level.
The address and contact details of the
Central Bank of Kenya is as follows:
Central Bank of Kenya
Address: P.O. Box 60 000
Nairobi KENYA
Phone No.: ++254-2-24 60 00
Fax: ++254-2-34 01 92
Website: www.centralbank.go.ke
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