KenyagistCBK Boss Fresh Announcement on New Notes

CBK Boss Fresh Announcement on New Notes

-

- Advertisment -spot_img

Central Bank of Kenya (CBK) Governor, Patrick Njoroge, on Tuesday, made a new announcement concerning the new generation notes.

Speaking at parliament, Njoroge assured Kenyans across the country that they will this month start withdrawing the new notes from  ATMs.

“People will largely get their salaries in new banknotes this month. We are starting to feed the ATMs with new currency banknotes as we wean them of old generational currency,” Njoroge assured the Public Investments Committee (PIC).

Mvita MP Abdulswamad Nassir posing for a photo

Reports by Business Daily indicated that the CBK boss appeared before the committee chaired by Mvita MP, Abdulswamad Nassir, to answer queries on the bank’s financial statements.

According to Njoroge, CBK had already started feeding ATMs in far-flung areas, as well as those in highly populated areas in major cities and towns across the country, with the new-look currency.

“We are starting with ATMs in far-flung areas because they are often forgotten,” disclosed Njoroge.

Residents of Nairobi, Mombasa, and Kisumu are also set to have access to the new banknotes.

PIC had sought to know if the country was facing a shortage of the new banknotes, especially since several areas had recorded low circulation of the new currency.

“We released some new currency to test its acceptance across the country during the launch in June. We have enough new currency banknotes that we are going to release by end of this week through the ATMs and banking halls,” responded the CBK boss. 

With only two months to the October 1 demonetisation of the Ksh 1,000 note deadline, Njoroge affirmed that all ATMs in the country will have the new-look money. 

“As people get their salaries starting this week, they will get new notes. We have put new currency in the ATM pipelines. We are weaning old-generation currency in the ATMs,” maintained Njoroge.

A picture of an Automated Teller Machine

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Kenya's History of Plane Crashes Involving Top Officials

The crash of a military helicopter that killed Chief of Defence Forces Francis Ogolla and 11 other service members...

State House Employee Arrested

A senior government official working as the Deputy Director of Programmes, Public Policy and President's Priority Initiatives has been charged.  In...

🔴Murkomen on Expressway Design Flaw, Nairobi Meat Flagged

Hello and welcome to the Tuesday edition of the Evening Brief Newsletter where the government has responded to the...

🔴The Golden Scandal, Changes for Payroll

Hello and welcome to the Monday edition of the Evening Brief Newsletter where a golden scandal is evolving while...
- Advertisement -spot_imgspot_img

Miguna Pinpoints 5 Decisions Where Ruto Has Failed

Controversial lawyer Miguna Miguna has turned against President William Ruto over a series of decisions he termed as costly...

Govt Parastatal Director Exposed in New Ksh490 Million Scandal

The National Museums of Kenya Director General, Mzalendo Kibunja, has come under scrutiny for alleged irregular payment of funds...

Must read

Kenya's History of Plane Crashes Involving Top Officials

The crash of a military helicopter that killed Chief...

State House Employee Arrested

A senior government official working as the Deputy Director of...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you