Chapter 12, Part 7 · Art. 231
Central Bank of Kenya
- There is a Central Bank of Kenya.
Art. 231(1)
(1) There is established the Central Bank of Kenya.
Read the full article → - It formulates monetary policy, promotes price stability and issues currency.
Art. 231(2)
(2) The Central Bank of Kenya shall be responsible for formulating monetary policy, promoting price stability, issuing currency and performing other functions conferred on it by an Act of Parliament.
Read the full article → - It is not under the direction or control of any person or authority.
Art. 231(3)
(3) The Central Bank of Kenya shall not be under the direction or control of any person or authority in the exercise of its powers or in the performance of its functions.
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- The Central Bank looks after Kenya's money and keeps prices stable.
Art. 231(2)
(2) The Central Bank of Kenya shall be responsible for formulating monetary policy, promoting price stability, issuing currency and performing other functions conferred on it by an Act of Parliament.
Read the full article →