The Morning Call
Many people in Kenya on Monday desperately rushed to swap old 1,000 shilling banknotes in an attempt to meet the Central Bank of Kenya’s final deadline. The Central Bank had declared Monday, September 30th as the last day on which all old local currencies must be exchanged for new ones.
The new edition of the 1,000 shilling banknote is the largest denomination of the country, rolled out in June. Failure to comply will only leave owners stuck with bundles of useless cash.
So how did that go on Monday? With us to weigh in on the topic is Vincent Kimosop, a Kenyan financial expert.
Go to video
First Malaria treatment for babies approved
02:16
Kenya's William Ruto faces growing discontent over economy and police brutality
00:28
Nairobi hawker shot at close range by police declared brain dead
01:50
Faith Kipyegon falls short of historic sub-four minute mile but vows to keep pushing
Go to video
Kenya's Interior minister accuses protesters of coup attempt after deadly demos
00:48
Death toll in Kenyan anti-government protests rises to 16, says rights group