During the Madaraka Day celebrations on Saturday, the government through the Central Bank of Kenya (CBK) unveiled the new generation currency that will start circulating in the country.
In a series of tweets, city lawyer Donald Kipkorir lauded the move stating that it will aid the fight against corruption.
He, however, proposed that CBK should issue a directive where those donating money should have a bank issuer certificate.
According to him, this will help tame those who may want to use the avenue as a disposal method for the money they currently have, so that they can go unnoticed.
"President Uhuru Kenyatta has taken the war against Corruption to the next level .. All Kshs. 1,000/= are invalidated ... Kenyans are asked to return the current notes for new ones ...The Corrupt hoarding money have to explain their source of money," he tweeted.
"To make effective today’s directive on Kshs. 1,000/= note & help President Kenyatta in his war against Corruption, CBK should direct that from now to 1.10.19, all public donations including to Church, purchases in car bazaars & casino earnings must have Bank Issuer Certificate," he added.
According to the CBK governor, the decision to do away with the old notes was informed by the increased cases of money laundering, and illegal deals where the currency has been predominantly used.
“We have assessed the grave concern that our large bank notes, particularly the older Sh1,000 series, are being used for illicit financial flaws in Kenya and also other countries in the region.
"To deal with those concerns, all the older Sh1,000 series shall be withdrawn by a Gazette Notice dated May 31, 2019, all persons have until October 1, 2019 to exchange those notes, after which the older Sh1,000 bank notes will cease to be legal tender,” Njoroge said.