Sign in
Download Opera News App

 

 

CBK Claim On Why New Kenyan Notes Are Aging Fast

The durability of the new notes as compared to old notes has brought a concern to the Central Bank of Kenya. The CBK has been forced to defend the durability of the new Kenyan currency which have been in circulation for only last two years.

CBK governor Patrick Njoroge claimed that the new notes are more superior to the old notes before the Senate Committee on Finance and Budget on Tuesday, June 29. He cited features that make it superior. The include, advanced security, feature to support identification by visual impaired persons and varnished to reduce wear and tear.

Dr. Njoroge finally admitted that the low denominational sh.50 and sh. 100 notes get old faster due to it's high rate of circulation and mishandling. According to Njoroge, Kenyans don't have the wallets to keep the notes yet the new notes were designed for the wallets when they were made.

Dr. Njoroge emphasized that the fading occurs due to how the notes are treated. People are harsh in treating the new notes since all people know that the notes should be kept in wallets.

According to my opinion the Kenyans should react upon this and make use of the wallets for keeping money.

Thanks for reading, share , comment and don't forget to follow for more updates.

Content created and supplied by: Rashan43 (via Opera News )

CBK Kenyan Kenyans Njoroge Patrick Njoroge

COMMENTS

Load app to read more comments