Bank Of Zambia

OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

BOZ/EXEC/DGO/bcps/bp
June 21, 2019

CB Circular No. : 05/2019
To : All Heads of Commercial Banks

NEW SERIES OF KENYA BANKNOTES

We wish to notify all commercial banks that the Central Bank of Kenya has issued a new series of banknotes by a Gazette Notice dated May 31, 2019. This measure is intended to combat the emerging concerns of illicit financial flows and counterfeits. Along with the issuance of the new banknotes, the Central Bank of Kenya shall withdraw the 1,000 shillings series banknotes, which will cease to be legal tender on October 1, 2019.

You are hereby advised to be extra vigilant and subject all flows from and into Kenya, regardless of the currency, to enhanced due diligence and report any irregularities in this regard to the relevant authorities.

Bwalya K. E. Ng’andu (Dr)
DEPUTY GOVERNOR – OPERATIONS

Cc Governor
Director – Banking, Currency and Payment Systems

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Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm

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SPECIAL ISSUE

THE KENYA GAZETTE

Published by Authority of the Republic of Kenya (Registered as a Newspaper at the G.P.O.)

Vol. CXXI—No. 69
NAIROBI, 31st May, 2019
Price Sh. 60

GAZETTE NOTICE NO. 4849

THE CONSTITUTION OF KENYA

THE CENTRAL BANK OF KENYA ACT (Cap. 491)

WITHDRAWAL OF CURRENCY NOTES

IN EXERCISE of the powers conferred by Article 231 (2) of the Constitution of Kenya and section 22 (3) of the Central Bank of Kenya Act, the Central Bank of Kenya gives notice as follows—

1. all the currency notes of the denominations set out in the First Schedule hereto, issued by the Central Bank of Kenya vide Legal Notice No. 17 of the 18th January, 1995, Legal Notice No. 88 of the 17th June, 1998, and Legal Notice No.13 of the 1st March, 2004, shall be withdrawn;

2. all such currency notes shall cease to be legal tender with effect from the 1st October, 2019;

3. all such currency notes may, with effect from the 3rd June, 2019, be exchanged at their face value at the places specified in the Second Schedule hereto, during normal working hours and in accordance with the steps set out in the Third Schedule hereto; and

4. all such currency notes shall, with effect from the 1st October, 2019, no longer be exchanged.

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FIRST SCHEDULE

Currency denomination	Currency type
1,000 shillings	Currency note

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SECOND SCHEDULE

1. Central Bank of Kenya, Head Office, Haile Selassie Avenue, Nairobi.
2. Central Bank of Kenya, Mombasa Branch, Nkrumah Road, Mombasa.
3. Central Bank of Kenya, Kisumu Branch, Jomo Kenyatta Highway, Kisumu.
4. Central Bank of Kenya, Eldoret Branch, Uganda Road, Eldoret.
5. Central Bank of Kenya, Meru Currency Centre, Njuri Ncheke Street, Meru.
6. Central Bank of Kenya, Nakuru Currency Centre, George Morara Street, Nakuru.
7. Central Bank of Kenya, Nyeri Currency Centre, Kenyatta Street, Nyeri.
8. Any branch in Kenya of a bank licensed under the Banking Act.

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THIRD SCHEDULE

1. All currency notes upto an amount not exceeding one million shillings shall be exchanged at their face value at any of the places specified in the Second Schedule during normal working hours.

2. All currency notes for an amount exceeding one million shillings but not exceeding five million shillings, may be exchanged at their face value, at the respective commercial banks during normal working hours.

3. All currency notes for an amount exceeding five million shillings may be exchanged at their face value, at the respective commercial banks during normal working hours and after obtaining endorsement of the Central Bank of Kenya.

4. Any person without a bank account who shall be in possession of currency notes of an amount exceeding one million shillings shall require the endorsement of the Central Bank of Kenya before exchanging the currency notes.

5. In the exchange of the notes, normal banking procedures and requirements shall apply.

Dated the 31st May, 2019.
PATRICK NJOROGE,
Governor of the Central Bank of Kenya.

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