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Most Kenyans support new currency notes – survey

CBK Governor confirmed the shortage, especially that of the one thousand shillings note in banks and ATMs/FILE

NAIROBI, Kenya, Jul 25 – As much as 60 percent of Kenyans support the replacement of the country’s currency notes that have been in circulation since June first.

This is according to a survey by Infotrak which sort to find out whether Kenyans support the new notes.

The report also indicates that 63 percent of respondents support the September 30 deadline for phasing out old Sh1,000 notes in favor of new ones.

Most respondents believe that corruption money hidden in houses will be banked and put back in circulation.

The survey comes against Central Bank of Kenya Governor Patrick Njoroge’s sentiments on Thursday saying it would keep an eye on the withdrawal of the old Sh1,000 notes from circulation as the process might hurt the economy if not moderated.

Earlier this week, Njoroge said Kenyans will this week start withdrawing new generation currency from automated teller machines (ATMs) across the country, adding that ATMs have been reconfigured to dispense the new bank 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,” Njoroge told the Public Investments Committee (PIC).

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