Details: How Government Will Destroy Your old Ksh.1000 Notes

A bundle of Sh1,000 notes
The old 1000 shilling notes. They will be destroyed under the watch of tight security. Photo/File

After the deadline for the return of the old sh1000 notes, the government through the Central Bank of Kenya will now embark on destroying the old currencies.

But how will it destroy? Well, according to the CBK Governor Patrick Njoroge, the organization will cut into pieces and package the entire sum of the collected notes amounting to 209.7 million into briquettes before destroying them.

Each briquette will contain a total of sh1million of the shredded old circulation Ksh.1000 notes. Photo/Courtesy

While addressing the press on Wednesday, Njoroge revealed holes will be punched on all the notes before packing them on briquettes awaiting destruction.

Once all the old notes are received at the CBK branches, they are transported in trucks to the headquarters where they are received, verified and stored in a deoxygenated room under the strict supervision of trustees and senior police officers attached to the bank.

Each briquette the Governor is holding is equivalent to Ksh 1,000,000 in shredded banknotes. Photo/Courtesy

After this, the top officials will then set a date within a week when the collected notes will be packed in sacks before being transported to Kariobangi North, near the market, where they will be burnt in the open under the watch of armed police officers.

He maintained that a total of 7.4 million notes worth Ksh.7.4 billion which were not exchanged are now worthless and that no bank would accept it anymore.

At the same time, the governor revealed a total of sh 149.7 billion worth of new currency notes had already been availed for circulation to fill the created void.

The new currencies were launched by President Uhuru Kenyatta during the 56th Madaraka Day celebrations in Narok on June 1 this year.

 

 

 

 

 

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