The Central Bank is therefore reviewing currency management to ensure availability of “clean money” at a reasonable cost to Kenyans. The Bank is, in conjunction with the Kenya Bankers Association (KBA), exploring the establishment of currency centres. These centres are expected to reduce the operational costs incurred by banks in moving cash to existing Central Bank branches.
There are also a number of institutions that specialise in the financing and promotion of small businesses. Why does the SARB not engage in developmental activities beyond those traditionally in the ambit of central banking? The short answer is: because South Africa has institutions that are better equipped to do so than us.