Scenes of despair and pressure were witnessed in Kenya during the last few weeks as the ban of old 1,000 shilling notes comes closer. Those who had stocked their fortunes are desperate to offload the cash as soon as possible. Hoarders buying a luxury Mercedes with 1,000 shilling notes in cash are some of the more

During the launch of the New Generation banknotes by the Governor of the Central Bank of Kenya, Dr. Patrick Njoroge noted the grave concern that the older one thousand shilling series were used for illicit financial transactions in Kenya and elsewhere. Counterfeits have also been on the rise. CBK has addressed all the concerns by more

The Central Bank of Kenya (CBK) has issued New Generation banknotes that are consistent with 2010 Constitution. The design elements have been selected from suggestions put forward by both the Constitution and the public. The new banknotes are meant to serve as a ‘means of passing knowledge, conserving culture and promoting global uniqueness.’ Some of more