The successful conclusion of demonetization is a testament to careful preparation by CBK and close collaboration with commercial banks and other financial institutions, government agencies, other central banks, and most importantly, the public. We owe Kenya a new beginning, a Newly Reborn and Prosperous Kenya, building an economy devoid of corruption. This is a call for each and every Kenyan.
For example, JP Morgan has recently reinstated its correspondent relation with two major banks in Curaçao. The CBCS is continuing with its efforts toward correspondent relations to attain more of these favorable results, and thus minimize the de-risking effects. The CBCS has always been active in promoting financial stability and minimizing risks via sound prudential and conduct supervision.