The Central Bank of Kenya (CBK) has launched a renewed campaign dubbed ‘Chomoa Coins’, urging Kenyans to release coins they may be holding at home back into circulation.
In a video message shared on Friday, June 13, CBK called on the public to deposit coins at banks or use them in day-to-day purchases, such as shopping at supermarkets and other retail outlets.
“Kenyans are encouraged to deposit coins at any bank, or use and exchange them at any supermarket or retail store,” the campaign message read. “You work hard for your money. Why disregard some of it? Collectively, the coins that we overlook can help cut the cost of consumer goods.”
The central bank noted that if Kenyans actively return the coins into circulation, it could have a positive impact on the cost of living by easing small-change transactions and reducing the burden on retailers.
Kenyans with coins stored at home are therefore being urged to return them to the financial system, either by spending them or depositing them.
This is not the first time CBK, in partnership with retail chains and the Kenya Bankers Association (KBA), has run a campaign to increase coin circulation.
Similar initiatives were carried out in 2012 and again in 2020, both times in response to widespread shortages. During the 2020 drive, some supermarkets reported difficulties giving customers change due to limited coin availability and began offering airtime and small products as alternatives.
The CBK hopes the latest push will help prevent a recurrence of such challenges and promote a smoother flow of currency in the economy.
