Functions of central bank of Kenya

Core functions of central bank

  • The bank is responsible for the issuance of Kenyan currency and ensures that the currency is free from counterfeit, clean and fit for circulation
  • Undertake economic and financial analysis and monitors a wide range of indicators on the economy to support monetary policy decisions
  • The central bank uses various tools to manage the supply of money in the economy and the bank also manages issuances and repayment of treasury bills and bonds
  • The central bank licenses and monitors payment systems that facilitate funds transfers between parties
  • Provide banking services to the governments (National and county) and commercial bank
  • The central bank licenses, regulates and supervises financial institutions under its preview, including commercial banks, microfinance institutions, forex bureaus and representative offices of foreign banks
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