Central Bank of Kenya (CBK) Governor Patrick Njoroge, for the first time, has warned Kenyans to be on the lookout for counterfeit new notes.
Dr. Njoroge made the declaration during an awareness campaign in Kwale County.
“The public should be vigilant to avoid becoming victims of counterfeit money,” said Dr Njoroge urging Kenyans to memorize the unique features of the new currency.
The new currency which was introduced on 1st June this year in an effort to curb counterfeiting, illicit financial flows, and money laundering, had elicited mixed reactions from across Kenya.
Experts were afraid that most people in the rural areas and those without internet will be left behind when the old Kshs. 1000 denomination notes are phased out due to low coverage of the news in those areas.
However, CBK has continued to conduct awareness campaigns across the country and even launched an interactive APP that can be downloaded from Google Play Store which teaches people about the new currencies.
CBK has often reiterated that the old generation 1000 shilling banknotes will cease circulating and be ‘worthless paper’ from 1st October.
Dr Patrick Njoroge added that there has been an underwhelming return for the old Kshs. 1,000 bank notes, given the deadline is fast approaching.
Kenyans now have less than two months to comply.
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