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New Generation Bank Notes
T-Bag
#1 Posted : Saturday, June 01, 2019 2:06:16 PM
Rank: Member

Joined: 9/25/2008
Posts: 510
HE. PORK launches new generation bank notes at Madaraka Day celebration. The fight against corruption gets new impetus, Old 1000 will become obsolete, corruption billions in safes and bunkers will trigger inflation as they enter the system.....or else.....
I AM trust in GOD, I AM belief in THYSELF
Pedes
#2 Posted : Saturday, June 01, 2019 2:10:35 PM
Rank: Member

Joined: 9/30/2013
Posts: 659
T-Bag wrote:
HE. PORK launches new generation bank notes at Madaraka Day celebration. The fight against corruption gets new impetus, Old 1000 will become obsolete, corruption billions in safes and bunkers will trigger inflation as they enter the system.....or else.....


October 1 2019 is the deadline. Those who have stashed illegally acquired 1000s notes in warehouses or homes are looking for get-rid-quick schemes.
If you stay ready, no need to get ready.
Fyatu
#3 Posted : Saturday, June 01, 2019 2:26:44 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,822
Location: Nakuru
T-Bag wrote:
HE. PORK launches new generation bank notes at Madaraka Day celebration. The fight against corruption gets new impetus, Old 1000 will become obsolete, corruption billions in safes and bunkers will trigger inflation as they enter the system.....or else.....



Interesting perspective you got there....anyway, on a more lighter note, i can see that the 100 note is no longer a "red". The 50 bob is the new red. The green and the blue make a comeback as 200 and 500b. The 1000 bob is still a brown. All over sudden the sheng vocabulary for money changes
Dumb money becomes dumb only when it listens to smart money
kayhara
#4 Posted : Saturday, June 01, 2019 2:42:14 PM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
How fast will okia omutata go to court because all the notes have kenyatta or a likeness of him which is unconstitutional, the notes look nice, funny I have not seen the coins yet.
To Each His Own
Ryko
#5 Posted : Saturday, June 01, 2019 3:19:36 PM
Rank: Member

Joined: 5/27/2016
Posts: 274
Location: Pub
Pedes wrote:
T-Bag wrote:
HE. PORK launches new generation bank notes at Madaraka Day celebration. The fight against corruption gets new impetus, Old 1000 will become obsolete, corruption billions in safes and bunkers will trigger inflation as they enter the system.....or else.....


October 1 2019 is the deadline. Those who have stashed illegally acquired 1000s notes in warehouses or homes are looking for get-rid-quick schemes.

This will affect a very small group of people. Clearly (10M -100M) stashes can be rinsed up before 4 months are over. This may affect guys with over 0.5 billion. How many are they? Very few, the likes of past governors. I expect

1.Guys will rush to forex exchanges so forex will be hotcake in the next few days. Mattress banking will switch to dollar banking. Millions will be cleaned up easily in forex. It is likely to affect dollar buying rates in coming months

2. Convert to 500s and get a new lease of life, more timelines still legal tender

3. Land as an asset is likely to benefit from this and probably houses which have had a terrible run this year.

4. Banks deposits (trickledown effect of conversion) more deposits, more loans for mama mboga, slow rate of small banks acquisitions because of deposits

All in all very little effect on mattress war lords. Meanwhile the business that will likely be affected most is

1. Money printing/wash wash this guys will need new equipments for the latest currency with more security features and expensive to print.

2. Politicians who rely heavily on money printing for campaign stashes

I work so I can afford the amount of alcohol required to continue going to work
Kusadikika
#6 Posted : Saturday, June 01, 2019 4:26:39 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,723
Someone will be in court on Monday and because wakora judges are some of the biggest hoarders of cash bribes this move is likely to be quashed.
Kusadikika
#7 Posted : Saturday, June 01, 2019 4:37:21 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,723
Kusadikika
#8 Posted : Saturday, June 01, 2019 4:41:31 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,723
I suspect the initial confusion will start with matatus, mama mbogas and kiosks refusing to accept the 1,000 Ksh. note then there will be huge queues at banks because banks will require people to fill out forms stating the source of funds.......
2012
#9 Posted : Saturday, June 01, 2019 5:54:39 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
T-Bag wrote:
HE. PORK launches new generation bank notes at Madaraka Day celebration. The fight against corruption gets new impetus, Old 1000 will become obsolete, corruption billions in safes and bunkers will trigger inflation as they enter the system.....or else.....


Are we talking of the same Kenya? We're the hub of corruption, I'm sure these people already know how to launder this billions. Let's wait and see if even one person will be arrested.

BBI will solve it
:)
radio
#10 Posted : Saturday, June 01, 2019 6:23:49 PM
Rank: Veteran

Joined: 11/9/2009
Posts: 2,003
I've some prime plots in Nvs. For anyone interested, kindly drop me a mail
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