• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

All new currencies now in circulation, assures CBK boss

Kenyan Business Feed by Kenyan Business Feed
All new currencies now in circulation, assures CBK boss
Share on FacebookShare on Twitter

Central Bank of Kenya (CBK) has asked the media to help sensitise senior citizens in rural areas to exchange old Sh1,000 notes with new currency before October 1, saying all five denominations of the new notes are now in full circulation.

Governor Patrick Njoroge said all commercial banks were dispensing all the five denominations either through ATMs or over the counter. He also urged parents to issue their children with new notes when schools open for third term next month, adding that employees should also pay their workers’ wages using the new currencies.

Speaking on Tuesday on morning shows on Milele and Kameme FM, Patrick Njoroge said these steps are important in making Kenyans, especially in remote areas, learn about features of new currencies as deadline for retiring old Sh1,00 currencies approach.

“Going forward, we must be prepared. It would be good if parents gave their children the new notes to avoid inconveniencing them either when going to school or returning home in October and November after the September 30 demonetisation deadline,” he added.

CBK kicked off the process of demonetising 217.6 million pieces of the Sh1,000 old series notes in June this year. Njoroge said the reason for the demonetisation was to counter the rising cases of illicit financial transactions and the emerging counterfeit notes.

He said there had been reports of odd transactions in the banking sector which raised concern among Kenyans. Njoroge said CBK had to act quickly to stop the illegal transactions. “You don’t wait until the house is already burning before you use the fire extinguisher. When you smell smoke, grab the extinguisher and begin to deal with it,” he added.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Kenyan Business Feed

Kenyan Business Feed

Recommended.

Students launch parking app for Nairobi motorists

May 15, 2019
Ziidi MMF Investment Platform

Safaricom Partners with Fund Managers to Roll Out Ziidi MMF

February 6, 2025

Subscribe.

Trending.

Co-op Bank Branches in Nairobi and Their Contacts

March 3, 2025
Co-operative Bank Subsidiaries

Co-operative Bank Subsidiaries Shine with Strong 2024 Profits

April 2, 2025
Kenya Wildlife Service shares an update on the successful repatriation of 17 mountain bongos, now thriving in their newly established sanctuary in Mount Kenya, marking a major milestone in conservation efforts.

Repatriated Mountain Bongos Show Signs of Thriving in Their New Habitat

April 1, 2025
Tourism CS Rebecca Miano discusses the economic impact and global appeal of the 2025 Safari Rally

Tourism CS Rebecca Miano Reveals Economic Impact of the 2025 Safari Rally

April 1, 2025

Tourism Ministry Leads Push to Improve Passenger Experience at JKIA with New Service Charter

April 1, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1803 shares
    Share 749 Tweet 439

Recent News

Co-operative Bank Subsidiaries

Co-operative Bank Subsidiaries Shine with Strong 2024 Profits

April 2, 2025
Kenya Wildlife Service shares an update on the successful repatriation of 17 mountain bongos, now thriving in their newly established sanctuary in Mount Kenya, marking a major milestone in conservation efforts.

Repatriated Mountain Bongos Show Signs of Thriving in Their New Habitat

April 1, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF