Old-generation Ksh 1000 notes will not be accepted at all Safaricom shops after this date

Safaricom issues deadline on the old Ksh 1000 notes

Safaricom headquarters.

Kenya’s telecommunications giant, Safaricom has issued a deadline of 26 September 2019 as the last day when the old Ksh 1000 note will be accepted at its shops across the country.

In a communication dated 21 Sep 2019 to its regional outlets, Safaricom revealed that the move is to ensure a smooth transition into the new currency.

The statement read in part that "We will no longer accept the old generation notes effective Thursday, September 26. This is to allow us to have a seamless transition to the new currency before the deadline of Monday, September 30".

The Safaricom deadline is expected to give its employees at the various shops spread across the country ample time to bank the money or change it for the new currency.

The old Ksh 1000 currency will cease to be a legal tender on 30 Sep 2019 with the country transitioning to the newly-launched note.

The Central Bank of Kenya (CBK) has been urging Kenyans to exchange their money ahead of the deadline, maintaining that there will be no extension.

“Old Ksh 1000 notes will be worthless after Sept 30. Exchange them now!” Read a reminder from CBK.

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