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The CBK deadline on submission of the old 1,000 notes elapsed four days ago. Daily Nation
Four days after the CBK deadline of submission of the old 1,000 shilling notes elapsed, a section of Kenyans from remote areas of the republic has come out in protest.
The Kenyans from Tana River and Lamu counties want the Central Bank of Kenya to review and extend the deadline.
Insisting that they still have the old 1,000 notes in a high value, the pastoralists said their nomadic way of life denied them from the opportunity to exchange the old currency in good time.
The demonetisation decision by the government was aimed at ridding Kenya’s economy of the so-called ‘black money’.
It also targeted what the Central Bank of Kenya refers to as ‘emerging concerns about illicit financial flows and counterfeit money in the country’.
More to follow…
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