Why Uhuru Has Abolished The Ksh 1000 Note

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.

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.

The new generation note will be in use effective today after they were gazetted on Friday.

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