yt 1204 Kenya releases new bank notes - Kenya releases new bank notes

Kenya releases new bank notes

June 4, 2019

Kenya will in October this year withdraw its old version of one thousand shillings notes to curb illicit financial flows. That’s according to the country’s Central Bank Governor Patrick Njoroge. In a move that had been kept secret until Saturday, the Central Bank governor said while the older notes would circulate alongside the new ones, the one thousand shilling note would be invalid once the grace period to exchange the legal tender expires. Sarah Kimani reports on what is seen as President Uhuru Kenyatta’s latest move to fight corruption.

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