Rich families in Kenya control over Sh 2 Trillion. The wealthy families which are only 2 percent of the country's' population, hold half of Kenya's currency. 

Corporates and wealthy individuals are sitting on a cash pile worth Sh1.91 trillion in a soft economy where investment options are becoming limited.

Central Bank of Kenya (CBK) data shows that long-term and fixed deposits associated with the wealthy, money market funds and cash-rich corporates rose from Sh1.41 trillion in October 2017 to Sh 1.91 Trillion in 2019 reflecting a growth of 37 percent.

Foreign currency deposits increased from Sh653.2 billion to Sh725.3 billion in the period under review, an indication that the wealthy are protecting their value and hedging against the local currency over investing their fortunes.

The revelation comes in the backdrop of data showing that the cash in Kenyans’ pockets dropped to a six-year low in September. CBK data shows that cash in circulation outside banks stood at Sh227 billion in October, down from Sh269 billion in the same month last year

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