Kenyans have until October to exchange old Ksh.1K notes: CBK

huyu jamaa hujiita economist but he should change to "Kenyan hater", because his hatred for KE clouds his intellect and logic.
 
Boss hide your poverty, you have never been to a forex shop in kenya..There is absolutely no forms filled..
Tanzania was the same but they are now demanding passports as you laugh at magufuli
You are the poor one. Ive moved snd travelled with Dollars. I always have sign some receipts woth details but Tz shillings they just give, maybe to create space for other things.
Kenya shilling is strong and dollar trade is rare unless its international business. Dollars bring alot of attention.
 
At any given time CBK is the largest holder of foreign reserve deposits-the remainder especially forex burueas ofcourse under commercial banks are tightly monitered by the CBK monitery policy committee,for you to deposit/withdraw/exchange $10,000 the CBK has to be alerted and proper documentation is due process,to evade the paper trail corrupt kingpins stash their cash in KSH-GOK has just pulled a stunt against looters-i think uhuru is serious against graft,besides its not like the forex exchanges have reserved currencies to just dish out-they don't print money-their reserves are subjects to domestic and international market variances,for anyone to purport they are avenues for corrupt undertakings is a fallacy.
 
It's time we go 100% Middle class.
 
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