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Rigathi Gachagua Has Explained Why There Is Low Money Circulation In Kenya

(Rigathi Gachagua speaking in an interview)

The Mathira Member of Parliament Rigathi Gachagua has explained the reason for the low money circulation in the country stating that is caused by the bureaucracy sorrounding the deposit and withdrawal of money from banks in Kenya.

Rigathi noted that there is a serious lack of money in the country.

He stated that the government has placed too many rules in the area of withdrawing and depositing money in banks.

Rigathi pointed out that for people to deposit even Ksh1 million in a bank then they will to give alot of explanations before they can be allowed to deposit the money.

These kind of rules are the ones that makes people to be afraid of keeping their money at the banks because they feel that they may never get access to their money whenever they may want to.

Rigathi urged the government to ease the strict rules putted in the banks so that Kenyans can feel free with their money.

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Mathira Rigathi Rigathi Gachagua

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