Corrupt individuals biggest losers as new currency out

The new currency notes released by the Central Bank of Kenya. Their introduction is touted to target money laundering and tax evasion. [Wilberforce Okwiri, Standard]

Individuals hoarding proceeds of corruptions are some of the biggest losers as Central Bank rolls out new currency.

From October 1, the old Sh1,000 notes will cease being legal tender, effectively rendering them worthless pieces of paper.