This archive report was first published on 11 September 2019.
Published on September 11, 2019, the Central Bank of Kenya (CBK) has once again reminded Kenyans about the looming deadline for exchanging old KSh 1000 notes with new ones.
CBK has urged members of the public to remind their mothers and grandmothers about the deadline, lest they be left with a hoard of old banknotes stashed under the mattress and which will soon be rendered worthless.
The regulator noted that the old KSh 1000 notes will cease to be legal tender after September 30, 2019, and will be phased out to pave way for the brand new currency.
CBK has also advised employers who pay salaries and wages in cash to start paying their employees using the new KSh 1,000 notes, as their workers will not be able to use the old KSh 1,000 cash past September 30, 2019.
"Someone sent us this picture (shown below), which she took after she visited her mother. Our mothers and grandmothers are epic savers. They may have some money around their homes. Please check on them and remind them of the deadline of September 30 for exchanging the older KSh 1000 notes," CBK tweeted.
