Nominated Senator Rose Nyamunga as welcomed the Central Bank of Kenya's (CBK) decision to illegalize the Sh1000 tender bills in the next three months.
In a short speech at the Narok Stadium during the Madaraka Day celebrations on Saturday, CBK Governor Patrick Njoroge said that the notes will lose meaning after October 1.
Nyamunga has weighed in on the matter which is slowly becoming a national debate, terming it a good move in the fight against graft.
She said on Saturday that the corrupt persons who are keeping huge amounts of money in their houses now have a short time to act and risk getting nabbed in the process as well.
She observed that they have only two options; to either spend all their money within 90 days or deposit it in banks and have to shoulder the burden of explaining its source.
"The corrupt who keep billions in cash now have 90 days to spend that money or take it to the bank and provide and explanation on the source. The directive to do away with the Sh1000 note is a food move in the fight on corruption," she wrote on Facebook.
In his speech, Njoroge attributed the decision to a detection that the note is being used in illicit currency flow, while introducing the newly designed note denominations.
He said that the Sh500, 200, 100 and 50 notes will remain in rotation.