CBK says Sh1000 notes worth Sh7.38 billion was not returned

The returned money will be shredded and turned into briquettes, said the governor. FILE PHOTO | NMG

Kenyans returned the old Sh1,000 notes worth Sh209.6 billion out of the Sh217 billion in circulation as at June 1 when the new look currency was announced by government, CBK governor Patrick Njoroge announced Wednesday.

This means about Sh7.38 billion of the banned currency did not return to the banking system by close of the deadline, Dr Njoroge said at a press briefing. Dr Njoroge termed the process a success.

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