Kenyans should expect to withdraw new currency notes with their July salaries, CBK Governor Patrick Njoroge has said.
CBK reveals changes Kenyans should expect in their salaries this month
Changes in July salaries
While appearing before the Public Investments Committee (PIC), Governor Njoroge explained that ATMs had been reconfigured to dispense the new notes.
"People will largely get their salaries in new bank notes this month. We are starting to feed the ATMs with new currency banknotes as we wean them of old generational currency.
"We are starting with ATMs in far-flung areas because they are often forgotten.
"Those in cities like Nairobi, Mombasa and Kisumu will also access the new look banknotes," he explained.
Acceptance of new currency notes in the country - CBK Governor
Dr Njoroge also addressed reports that there is a shortage of the new bank notes due to their low circulation.
"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 the end of this week through the ATMs and banking halls," he explained.
While launching the new notes on Madaraka Day, Governor Njoroge announced that the old Sh1,000 note would cease to be legal tender on October 1.
He urged those holding a bulk of the notes to have them exchanged at banks before the deadline.
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