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Home Africa

The old Kes.1,000 shilling note becomes useless tomorrow.

The Trading Room by The Trading Room
in Africa
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The old Kes.1,000 shilling note becomes useless tomorrow.

Central Bank of Kenya had on May 1st issued a five month notice to Kenyans on the demonetization of the old Kes.1,000 notes in a bid to mop out the illicit cash flow in the country.

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Today is the last day to exchange your Kes.1,000 shilling notes as they become defective tomorrow. In a circular sent to banks this morning, Central Bank of Kenya (CBK) has reminded retail banks not to accept the old Kes.1,000 notes after close of business today.

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Central Bank of Kenya had on May 1st issued a five month notice to Kenyans on the demonetization of the old Kes.1,000 notes in a bid to mop out the illicit cash flow in the country.

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