You will not be able to use Ksh 1000 notes after October 1 this year as the Central Bank of Kenya has unveiled the new generation banknotes
Speaking during the Madaraka Day celebrations at Narok stadium CBK Governor Patrick Njoroge, said that the new notes have a unique theme and features–including the iconic Kenyatta International Convention Centre (KICC), the big five wildlife and will be easy to use to the visually impaired.
Governor @njorogep announces the unveiling of the New Generation Currency banknotes. Old generation one-thousand shilling banknotes will need to be exchanged by October 1, 2019, after which they cease to be legal tender. pic.twitter.com/iyy1lpaKuy
— Central Bank of Kenya (@CBKKenya) June 1, 2019
The main reason behind the withdrawal of the note is a part of measures to curb money laundering.
Those holding thousands of money will theirfore have to explain their money sources.
"All persons have until October 1 2019 to exchange Ksh 1000 bank notes for the new generation bank notes, after which the older notes will cease to be legal tender" ~ Central Bank of Kenya Governor Patrick Njoroge #MadarakaDay pic.twitter.com/uyD22NKfqB
— Citizen TV Kenya (@citizentvkenya) June 1, 2019
The new generation note will be in use effective today after they were gazetted on Friday.