Kenyans keeping sacks monies in their homes to evade accountability have been dealt a big blow following the official unveiling of new currency by President Uhuru Kenyatta.
Looking at some of the reactions from Kenyans, this move will have to force those who have stashed billions of cash in their homes to make it is used within the next three month or lose it all.
“Instead of arresting thieves, Uhuru has outwitted them by changing our currency. The guy who withdrew 4 Billion shillings from a Westlands bank in cash has 120 days to spend it or bank it. He has to spend 33 million a day for the next 4 Months or 4 Million an Hour!,” Collindo Koech @Collyndo tweeted.
During the Madaraka Day celebrations held at Narok Stadium in Narok County on Saturday July 1st, President Kenyatta through the Governor of Central Bank Patrick Njoroge, unveiled the new look bank notes giving a country a new lease of life over increasing graft claims.
Speaking, Governor Njoroge said this move was informed by the fact that the older sh. 1000 notes series were being misused in what he termed financial flaws inside and outside the country and to deal with, “all the older sh.1000series shall be withdrawn by Gazette Notice dated May 31st, 2019,”
Jihami.com had a look at the what was unveiled today and observed that the new notes bear images of the iconic Kenyatta International Convention Centre (KICC) and a statue of the founding President Jomo Kenyatta’s stature at the KICC.
Also Read: Fake currency suspects in court for fraud.
The sh. 500 will bear tourism images and the highest value sh. 1000 note is covered with governance images on its face.
On the other hand, sh.200 notes have images of social services, while the 50 shillings note have been given a new symbolic green energy look at the back while agricultural images cover the sh.100.
The new notes were gazetted on May 31 this year and are now officially legal tender in Kenya just like the recently launched new generation coins which are already in circulation.
Kenyans have therefore been given upto October 1st, 2019 to exchange tho older notes with the new version before they become ‘obsolete’.
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