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New Generation Bank Notes
Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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Njunge wrote:Queen wrote:Lolest! wrote:Simon Mbugua (MP) & Okiya Omtatah have already moved to court separately to block the issuance of new notes Whereas Okiya is doing it out of service to humanity, we all know who Simon Mbugua represents. Kanukeee! They may succeed in stopping the issuance of new notes but can they stop de~legalizing of the 1K note? They are also arguing that Uhuru does not have powers to demonitize.
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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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. Should have been an overnight switch! i.am.back!!!!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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NSE tightened... SBG Securities wrote: Dear Customer, kindly note that from 1st July 2019 you shall not be able to fund your CDS account by directly depositing cash into our bank account. The acceptable modes of payment will be bank transfers (Pesalink, EFT & RTGS), M-Pesa and Cheques. Any queries, call 020-3638900 or email sbgs@stanbic.com. Life is short. Live passionately.
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Uhuru matiangi Njoroge need to do a huduma number on this.ignore the Korti bandia noise pesa zetu zirundishwe. punda amecheka
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Rank: Elder Joined: 7/22/2008 Posts: 2,703
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Queen wrote:Njunge wrote:Queen wrote:Lolest! wrote:Simon Mbugua (MP) & Okiya Omtatah have already moved to court separately to block the issuance of new notes Whereas Okiya is doing it out of service to humanity, we all know who Simon Mbugua represents. Kanukeee! They may succeed in stopping the issuance of new notes but can they stop de~legalizing of the 1K note? They are also arguing that Uhuru does not have powers to demonitize.  "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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sparkly wrote:NSE tightened... SBG Securities wrote: Dear Customer, kindly note that from 1st July 2019 you shall not be able to fund your CDS account by directly depositing cash into our bank account. The acceptable modes of payment will be bank transfers (Pesalink, EFT & RTGS), M-Pesa and Cheques. Any queries, call 020-3638900 or email sbgs@stanbic.com. Ok but why not 4th June?
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Rank: Member Joined: 1/15/2015 Posts: 681 Location: Kenya
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Anyone with dimensions of the new notes? Hope they reduce their size from previous notes.
60% Learning, 30% synthesizing, 10% Debating
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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The notes look beautiful. They look like euros
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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Shak wrote:The notes look beautiful. They look like euros Yet another "form over substance" discussion  we don't need a beautiful currency - we need a strong one! All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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murchr wrote:Queen wrote:Njunge wrote:Queen wrote:Lolest! wrote:Simon Mbugua (MP) & Okiya Omtatah have already moved to court separately to block the issuance of new notes Whereas Okiya is doing it out of service to humanity, we all know who Simon Mbugua represents. Kanukeee! They may succeed in stopping the issuance of new notes but can they stop de~legalizing of the 1K note? They are also arguing that Uhuru does not have powers to demonitize. People have never realized that fiat currency is not property... All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Veteran Joined: 4/1/2009 Posts: 1,883
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Lolest! wrote:TNT wrote:Gathige wrote:TNT wrote:Kusadikika wrote:What is to prevent someone doing church harambees for the next 15 weekends and giving 300 million at each harambee. Bishop and congregation are present and they participate in Harambee. Is there any legal requirement for congregation to declare where they got church harambee money? Do they even have to declare how much they give? I am sure a pastor will be quick to preach "do not let what the right hand know what the left hand is doing" scripture.
Now the church has the money. Bishop shows up with 3000 million cash at a bank and declares "ni mchango wa kanisa". All legit. Which bank will be the first to refuse to bank for a church. Once in the system church goes on a spending spree buying real estate and building apartments and townhouses. Interesting. The church could actually be the best vehicle to launder cash in Kenya, probably even better than a foundation or a betting company/casino. @TNT, In Money Laundering, you clean the cash and its gets back to you as legit. In a mchango, the illegit passes to the church and it becomes legit but the launder losses it. And how difficult is it to start, buy or control (corrupt) a church in Kenya? Interesting point @TNT. Who'd even verify it's a church? You could register Kanisa la Fimbo ya Musa, deposit pesa kidogo then claim there was a mega fundraising there is a moratorium on registration of churches. been there for a couple of years now. you can't register a church currently.
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Rank: Member Joined: 2/20/2007 Posts: 767
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mkenyan wrote:Lolest! wrote:TNT wrote:Gathige wrote:TNT wrote:Kusadikika wrote:What is to prevent someone doing church harambees for the next 15 weekends and giving 300 million at each harambee. Bishop and congregation are present and they participate in Harambee. Is there any legal requirement for congregation to declare where they got church harambee money? Do they even have to declare how much they give? I am sure a pastor will be quick to preach "do not let what the right hand know what the left hand is doing" scripture.
Now the church has the money. Bishop shows up with 3000 million cash at a bank and declares "ni mchango wa kanisa". All legit. Which bank will be the first to refuse to bank for a church. Once in the system church goes on a spending spree buying real estate and building apartments and townhouses. Interesting. The church could actually be the best vehicle to launder cash in Kenya, probably even better than a foundation or a betting company/casino. @TNT, In Money Laundering, you clean the cash and its gets back to you as legit. In a mchango, the illegit passes to the church and it becomes legit but the launder losses it. And how difficult is it to start, buy or control (corrupt) a church in Kenya? Interesting point @TNT. Who'd even verify it's a church? You could register Kanisa la Fimbo ya Musa, deposit pesa kidogo then claim there was a mega fundraising there is a moratorium on registration of churches. been there for a couple of years now. you can't register a church currently. Why go that far. Just give the bishop 10% for the help in laundering the cash. Deposit in bishop controlled church account then withdraw later to return to the owner. You need to be a mafioso to do this. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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tom_boy wrote:mkenyan wrote:Lolest! wrote:TNT wrote:Gathige wrote:TNT wrote:Kusadikika wrote:What is to prevent someone doing church harambees for the next 15 weekends and giving 300 million at each harambee. Bishop and congregation are present and they participate in Harambee. Is there any legal requirement for congregation to declare where they got church harambee money? Do they even have to declare how much they give? I am sure a pastor will be quick to preach "do not let what the right hand know what the left hand is doing" scripture.
Now the church has the money. Bishop shows up with 3000 million cash at a bank and declares "ni mchango wa kanisa". All legit. Which bank will be the first to refuse to bank for a church. Once in the system church goes on a spending spree buying real estate and building apartments and townhouses. Interesting. The church could actually be the best vehicle to launder cash in Kenya, probably even better than a foundation or a betting company/casino. @TNT, In Money Laundering, you clean the cash and its gets back to you as legit. In a mchango, the illegit passes to the church and it becomes legit but the launder losses it. And how difficult is it to start, buy or control (corrupt) a church in Kenya? Interesting point @TNT. Who'd even verify it's a church? You could register Kanisa la Fimbo ya Musa, deposit pesa kidogo then claim there was a mega fundraising there is a moratorium on registration of churches. been there for a couple of years now. you can't register a church currently. Why go that far. Just give the bishop 10% for the help in laundering the cash. Deposit in bishop controlled church account then withdraw later to return to the owner. You need to be a mafioso to do this. Isn't this what politicians have been doing all along anyway?
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Rank: Veteran Joined: 10/8/2008 Posts: 1,575
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Ni kama kuna watu wako na pesa ya kuosha hapa wazua and trying out workable scenarios right here๐๐ I care!
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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thuks wrote:Ni kama kuna watu wako na pesa ya kuosha hapa wazua and trying out workable scenarios right here๐๐ Wazua is a market place. Even UMK peeps once in a while and picks a few ideas. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 4/9/2008 Posts: 2,824
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ODM fully supports new currency, say John MbadiWhen I have money, I get rid of it quickly, lest it find a way into my heart.
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Rank: Member Joined: 12/17/2016 Posts: 225
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I was shocked by the queues at cash deposit machines-What caught my attention though was the age of the depositers-averagely 20โs. Reflection Eternal
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Kusadikika wrote:Njunge wrote:Queen wrote:Lolest! wrote:Simon Mbugua (MP) & Okiya Omtatah have already moved to court separately to block the issuance of new notes Whereas Okiya is doing it out of service to humanity, we all know who Simon Mbugua represents. Kanukeee! They may succeed in stopping the issuance of new notes but can they stop de~legalizing of the 1K note? I believe the new notes have already been issued so if the judge maintains status quo it means it is easier to obtain judgement against demonetizing the old notes. I can also foresee many cases of ukora coming in. Imagine a case of biashara people who sell things on credit. You give goods and the guy pays a few months later. The writing on all notes new or old reads "legal tender for 1000 shillings." Someone owes you 1 million and then on October 15th he comes and gives you your 1 million in old notes. If he is conniving enough he can film the entire exchange coming into your office and putting 1 million cash on the table and then leaving. Of course you will be protesting and saying this is not legit. He leaves the money with you and runs away and says, "take me to court, I have paid your money." Of course cases are not determined on the spot so there will be a case in court for years in which you claim you gave the man goods worth 1 million and he never paid you. He will say he actually paid you. He will claim he does not manufacture money and only uses the legal tender issued by CBK. The notes he gave you back were legal tender. There is no expiration date written on the note etc etc. This case will be dismissed. There is a difference between a statue and a portrait. Public participation was actually carried out, these new designs had even circulated online long before. I think even people in Wazua commented. I see nothing to stop this process plus the notes are already in circulation.
BBI will solve it :)
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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2012 wrote:Kusadikika wrote:Njunge wrote:Queen wrote:Lolest! wrote:Simon Mbugua (MP) & Okiya Omtatah have already moved to court separately to block the issuance of new notes Whereas Okiya is doing it out of service to humanity, we all know who Simon Mbugua represents. Kanukeee! They may succeed in stopping the issuance of new notes but can they stop de~legalizing of the 1K note? I believe the new notes have already been issued so if the judge maintains status quo it means it is easier to obtain judgement against demonetizing the old notes. I can also foresee many cases of ukora coming in. Imagine a case of biashara people who sell things on credit. You give goods and the guy pays a few months later. The writing on all notes new or old reads "legal tender for 1000 shillings." Someone owes you 1 million and then on October 15th he comes and gives you your 1 million in old notes. If he is conniving enough he can film the entire exchange coming into your office and putting 1 million cash on the table and then leaving. Of course you will be protesting and saying this is not legit. He leaves the money with you and runs away and says, "take me to court, I have paid your money." Of course cases are not determined on the spot so there will be a case in court for years in which you claim you gave the man goods worth 1 million and he never paid you. He will say he actually paid you. He will claim he does not manufacture money and only uses the legal tender issued by CBK. The notes he gave you back were legal tender. There is no expiration date written on the note etc etc. The fraudsters are only looking for a short window to have the cash in the system. This case will be dismissed. There is a difference between a statue and a portrait. Public participation was actually carried out, these new designs had even circulated online long before. I think even people in Wazua commented. I see nothing to stop this process plus the notes are already in circulation. "Things that matter most must never be at the mercy of things that matter least." Goethe
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