hahahahaha

[Okiya]

CBK Releases Sh7.4bn to support fight against coronavirus; CBK boss Patrick Njoroge says money was gained from mop-up of old Sh1,000 banknotes.

 

[Burner]

Let me ask a question: would releasing the old notes back into the market have the same effect as printing more money?

 

[stanmwa]

Man eat man society.

 

[Afro]

Let me ask a question: would releasing the old notes back into the market have the same effect as printing more money?

most likely

 

[Okiya]

Let me ask a question: would releasing the old notes back into the market have the same effect as printing more money?

There was already less money in circulation.

 

[Burner]

There was already less money in circulation.

I ask because dont these old notes still have some value of sorts? There must be some number in the govt accounts that is the value of these old notes. Or was that value transferred to the new notes upon commission?

 

[Mwendawazimu]

Governors+ watu matender+ cops/eacc= nukisha kitunguu

 

[Okiya]

I ask because dont these old notes still have some value of sorts? There must be some number in the govt accounts that is the value of these old notes. Or was that value transferred to the new notes upon commission?

The old notes are no longer legal tender. so have zero value. So CBK gained when people didn't return old notes

 

[Nattydread]

Maheni mao.

 

[Internet]

The 7 billion belonged to people like huyu hapa chini; old people mainly in rural areas. Corrupt people are too clever to lose their money

 

[Ubongo]

The old notes are no longer legal tender. so have zero value. So CBK gained when people didn't return old notes

My friend, some people are still holding those old notes and they allege the money is still exchanged

 

[Okiya]

My friend, some people are still holding those old notes and they allege the money is still exchanged

sina any evidence to that

 

[Mwalimu-G]

I ask because dont these old notes still have some value of sorts?

As collector's items?

 

[Mwalimu-G]

Corrupt people are too clever to lose their money

I know a politician who has bundles. He tried to use his cousins and friends to convert it into cows but they couldn't buy enough it in time.

 

[Internet]

I know a politician who has bundles. He tried to use his cousins and friends to convert it into cows but they couldn't buy enough it in time.

really? That's funny

 

[Mwalimu-G]

really? That's funny

Akili zikikuishia miekuishia my friend...especially if you have corruption cases and running scared DCI has your phones on tap.

 

[Burner]

As collector's items?

Not necessarily. Isn't it at the discretion of the government to assign those particular notes some value?

 

[Duke of Busia]

Maheni mao.

Kidogo ubantu inani chenga Hapo
Maheni Mao might be a Kikuyu phrase but ukiongeza kiluhya kiasi inakua matusi.
Maheni Mao....Mao being mamako or nyoko

 

[Mwalimu-G]

Not necessarily. Isn't it at the discretion of the government to assign those particular notes some value?

On the demonetized notes I don't think there's any going back.

 

[MbitikaZetu]

Kidogo ubantu inani chenga Hapo
Maheni Mao might be a Kikuyu phrase but ukiongeza kiluhya kiasi inakua matusi.
Maheni Mao....Mao being mamako or nyoko

It means uwongo wao