Blow to RUTO and his corrupt friends hiding money in sacks-See the tough condition they will have to meet in order to exchange their looted billions?

Monday June 3, 2019-The Governor of the Central Bank of Kenya Patrick Njoroge has dealt corrupt people a severe blow after outlining the tough conditions that Kenyans holding large amounts of money will have to meet to exchange their money for the new generation currency. 

Speaking to the media on Monday, Njoroge stated that it was important to educate members of the public on how to go about the changeover. 

He emphasised that civic education was the banking regulator's priority because uncertainty about currency is dangerous for the economy. 

According to the CBK Governor, people who want to exchange the old notes for a value of less than Ksh1 million can do so at their bank branches. 

Kenyans without bank accounts can exchange at any branch of any bank, or even at the CBK. They will need to have official identification. 

Citizens who want to exchange amounts between Ksh1 million and Ksh5 million will need to go to their own banks.

Those who do not have bank accounts and want to exchange this amount will need to contact the CBK which will then endorse them and they can go to a designated bank branch
People who want to exchange amounts above Ksh5 million will need to contact the CBK.


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