Kenya: Remind Your Grandmas to Get Rid of Old Sh1000 Notes, CBK Advises Kenyans

11 September 2019

With three weeks remaining before the old generation Sh1,000 banknotes get demonetized, the Central Bank of Kenya (CBK) has for the umpteenth time asked Kenyans to rid their home savings box of the old banknotes before the fast approaching deadline.

This time, CBK has advised Kenyans to check for the same with their elderly mothers and grandmothers, who are known for saving their money in purses.

The advice came after a Kenyan shared a picture with the Bank of the old notes, presumed to be savings of an elderly woman.

"Our mothers and grandmothers are epic savers. They may have some money around their homes. Please check on them and remind them of the deadline of September 30 for exchanging the older KSh 1000 notes," CBK tweeted.

Someone sent us this picture, which she took after she visited her mother. Our mothers and grandmothers are epic savers. They may have some money around their homes. Please check on them and remind them of the deadline of September 30 for exchanging the older KSh 1000 notes. pic.twitter.com/8PK8OV2vNP

- Central Bank of Kenya (@CBKKenya) September 11, 2019

Since last month, CBK has been on a countrywide sensitization campaign ahead of September 30 deadline for the demonetization of the old-generation Sh1,000 banknotes.

During the campaign, while in Kwale CBK Governor Patrick Njoroge said the bank had not received as much of the old notes as it had anticipated, some 46 days to the deadline.

With the deadline fast approaching, fake money in new currency has been reported to be in circulation.

The introduction of the new currency on June 1, 2019 was meant to disrupt the multi-billion shillings fake currency business in Kenya and across the region.

See What Everyone is Watching

More From: Nairobi News

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.