CBK says no change in deadline for returning of old Sh1000 notes

Central Bank Governor Patrick Njoroge has said the deadline for the withdrawal of the old Sh1,000 notes will not be extended.

Speaking in Kwale on Friday, Dr Njoroge said after September 30, the old generation Sh1,000 bank notes will be rendered valueless.

“I want you to take this message to every corner of the country that people have to dispose of their old Sh1,000 bank notes by September 30. We shall not extend the period,” Njoroge said.

SEE ALSO :Bank CEO who jumped the gun on interest rate charges

The governor also launched a campaign dubbed “Badilisha Noti Za Elfu Moja Sasa”, that seeks to sensitise people on the need to do away with the old notes.

Easily identified

Njoroge said the new notes can be easily identified through a number of ways such as touching, trying to identify a distinctive watermark and a picture of a lion, among others.

Speaking at the same event, Kwale Governor Salim Mvurya assured Njoroge that his administration will help in sensitising residents on the need to dispose of the old notes.

For More of This and Other Stories, Grab Your Copy of the Standard Newspaper.

“We feel honoured that you chose Kwale County to start this sensitisation campaign. We will support you fully,” Mr Mvurya said.

Njoroge noted that the introduction of the new generation notes was partly meant to curb counterfeit trade and illicit financial flows

Do not miss out on the latest news. Join the Standard Digital Telegram channel HERE.

Get the latest summary of news in your email every morning. Subscribe below

* indicates required
Central Bank Governor Patrick NjorogeBadilisha Noti Za Elfu Moja SasaSh1000 bank notesKwale Governor Salim Mvurya