A video circulating on social media has sparked widespread discussion after showing a Kenyan man depositing large bundles of KSh 1,000 banknotes from a sack at a local bank. The footage, set to the song Shida za Dunia by Jose Chameleone, has prompted Kenyans to question the source and legality of such substantial cash deposits.
The Central Bank of Kenya (CBK) introduced new-generation banknotes in June 2019, with a deadline for exchanging old notes set for October 2019. However, nearly five years later, some individuals still possess the old KSh 1,000 notes, leading to confusion and concern. A recent incident highlighted this issue when a businessman was robbed of KSh 15 million while attempting to exchange old KSh 1,000 banknotes for US dollars .
The video has ignited a debate on social media platforms, with users expressing a range of opinions. Some have praised the man’s apparent wealth, while others have raised questions about the origins of the money and the implications of such large cash transactions. The incident underscores ongoing concerns about the circulation of old banknotes and the challenges faced by individuals attempting to exchange them.
As the debate continues, it remains to be seen how authorities will address the issues surrounding the deposit and circulation of old KSh 1,000 banknotes. The incident serves as a reminder of the complexities involved in currency exchange and the importance of regulatory measures to ensure financial transparency and security.
