“All persons have until October 1, 2019, to exchange Ksh 1000 banknotes for the new generation bank notes, after which the older notes will cease to be legal tender” Said, Central Bank of Kenya Governor Patrick Njoroge. He later on informed that the monies are already in circulation.
217.6 million pieces of KES 1,000
30.8 million pieces of KES 500
54.8 million pieces of KES 200
126.4 million pieces of KES 100
100.5 million pieces of KES 50
9.9 million pieces of KES 20
CBK GOVERNOR Njoroge directs that anyone with Ksh5m or more in cash to get new currency notes from Central Bank others to exchange in other local banks. “Anyone who wants to exchange over 5 Million Kenyan shillings will have to explain to the Central Bank of Kenya, being that only a small percentage of Kenyans have that kind of money ”
EALA MP Simon Mbugua moves to court to challenge the issuance of new currency notes by Central Bank; says the move is unconstitutional. Other leaders who are opposed to the new currency are, Senate Minority Leader James Orengo, National Assembly Minority Leader John Mbadi and Orange Democratic Movement Secretary General Edwin Sifuna stating that the Constitution prohibits the use of a human face on the currency. This is after the image of Mzee Jomo Kenyatta was included in the new notes alongside the Kenyatta International Convention Centre at the back.