wazua Tue, Apr 21, 2026
Welcome Guest Search | Active Topics | Log In

10 Pages<1234>»
New Generation Bank Notes
Options
Previous Topic · Next Topic
Lolest!
#11 Posted : Saturday, June 01, 2019 6:41:47 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Kusadikika wrote:
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.

Yep, they're making it easy for the judges. Kenyatta's KICC sculpture is on all the new notes
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Back to top
  |
Lolest!
#12 Posted : Saturday, June 01, 2019 6:59:29 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
constitution of Kenya wrote:
4) Notes and coins issued by the Central Bank of Kenya may bear images that depict or symbolise Kenya or an aspect of Kenya but shall not bear the portrait of any individual


Guess portrait excludes sculpture images!

But I'm sure someone will rush and remind the courts about the spirit of the law
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Back to top
  | | Edit by user: Saturday, June 01, 2019 7:22 PM | Reason: Not specified
AlphDoti
#13 Posted : Sunday, June 02, 2019 6:31:41 AM
Rank: Elder

Joined: 6/20/2008
Posts: 6,275
Location: Kenya
We talked about this in 2016, when Uncle Sam instructed India to try it out and see. India was the guinea pig in this. And for sure paper money is going away... soon you won't need to carry money around. Digital money is coming...
Back to top
  |
AlphDoti
#14 Posted : Sunday, June 02, 2019 6:37:41 AM
Rank: Elder

Joined: 6/20/2008
Posts: 6,275
Location: Kenya
Kusadikika wrote:
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.......

You are right... See what happened in India...
Back to top
  | | Edit by user: Sunday, June 02, 2019 6:39 AM | Reason: Not specified
2012
#15 Posted : Sunday, June 02, 2019 8:45:42 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
radio wrote:
I've some prime plots in Nvs. For anyone interested, kindly drop me a mail


I think the idea is for vendors to refuse to take cash and only accept bank transfers due to existing counterfeits. I would not accept cash.

But I see many of these criminals using mpesa and purchasing construction materials in bulk to launder their loot.

BBI will solve it :)
Back to top
  |
masukuma
#16 Posted : Sunday, June 02, 2019 10:58:49 AM
Rank: Elder

Joined: 10/4/2006
Posts: 13,823
Location: Nairobi
2012 wrote:
radio wrote:
I've some prime plots in Nvs. For anyone interested, kindly drop me a mail


I think the idea is for vendors to refuse to take cash and only accept bank transfers due to existing counterfeits. I would not accept cash.

But I see many of these criminals using mpesa and purchasing construction materials in bulk to launder their loot.

When will ATMs start dispensing pieces of this ugly paper?
All Mushrooms are edible! Some Mushroom are only edible ONCE!
Back to top
  |
tycho
#17 Posted : Sunday, June 02, 2019 12:09:12 PM
Rank: Elder

Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
Kusadikika wrote:
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.......


That probably means that I could fill the form as a retailer and buy each 1000 at a discount? Say 900?
Back to top
  |
tycho
#18 Posted : Sunday, June 02, 2019 12:17:47 PM
Rank: Elder

Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
AlphDoti wrote:
We talked about this in 2016, when Uncle Sam instructed India to try it out and see. India was the guinea pig in this. And for sure paper money is going away... soon you won't need to carry money around. Digital money is coming...


Digital money is going to increase in usage but it won't replace hard cash, and for obvious reasons. Digital systems are not just vulnerable but also tend to be monopolized by non state actors that can't guarantee freedoms...
Back to top
  |
Bigchick
#19 Posted : Sunday, June 02, 2019 2:17:31 PM
Rank: Elder

Joined: 2/8/2013
Posts: 4,068
Location: At Large.
2012 wrote:
radio wrote:
I've some prime plots in Nvs. For anyone interested, kindly drop me a mail


I think the idea is for vendors to refuse to take cash and only accept bank transfers due to existing counterfeits. I would not accept cash.

But I see many of these criminals using mpesa and purchasing construction materials in bulk to launder their loot.



Mpesa has daily limits.Cannot launder lots of cash through this method.
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
Back to top
  |
Wakanyugi
#20 Posted : Sunday, June 02, 2019 2:38:54 PM
Rank: Veteran

Joined: 7/3/2007
Posts: 1,635
Bigchick wrote:
2012 wrote:
radio wrote:
I've some prime plots in Nvs. For anyone interested, kindly drop me a mail


I think the idea is for vendors to refuse to take cash and only accept bank transfers due to existing counterfeits. I would not accept cash.

But I see many of these criminals using mpesa and purchasing construction materials in bulk to launder their loot.



Mpesa has daily limits.Cannot launder lots of cash through this method.


If had a billion or two to lauder I would be looking for a high cash business to 'invest' in, like a super market chain.

But I think what Uhuru should have done is give a four week amnesty. Bring the money from under the matress, no questions asked, as long as you pay tax on it. It doesn't stop the DCI from using the information to go after suspected drug money cleaning etc.

Meanwhile that KRA collection target problem? Solved.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
Back to top
  |
10 Pages<1234>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Club SK Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.