No Extension of Deadline for Old Sh1,000 Notes – CBK

Last updated on September 11th, 2021 at 03:24 pm

The deadline for Kenya’s withdrawal of the old Sh1,000 notes will not be extended, Central Bank Governor Patrick Njoroge has said.

Dr Njoroge has reiterated that come September 30, the notes will no longer have value and will only be good for “lighting jikos”.

“I want you to take this message to every corner of the country … that people have to dispose of their old Sh1,000 bank notes by September 30. We shall not extend the period,” he said at Narok stadium on Saturday night during a live recording for the Churchill Show.

The CBK boss also launched a campaign dubbed ‘Badilisha noti za elfu moja sasa (Exchange Sh1,000 notes now),’ through which the public will be educated on the need to do away with the old generation notes.

He noted that the phasing out of the Sh1,000 note will help curb cases of counterfeits which have significantly affected the economy.

Regarding the new notes, Dr Njoroge said they are easily identifiable through aspects such as touch, a distinctive watermark and a picture of a lion.