With the directive that old 1000shs notes to be rendered useless after Oct 1… new opportunities are going to emerge.
Most of those stashing their loot or cash from other sources will be forced to spend it rather than be recorded returning hard cash, this is due to KRA sleuths who will be
monitoring if your returns tally.
If you have been looking to dispose that property , this is the time… most of the cash will be dumped in real estate.
Create a foreign shell company that can’t be traced back to you.
Channel the converted money into the shell company.
Have the shell company do business in Kenya.
Cook up the books of the shell company and record some very handsome ‘profit’.
Let the shell company bankroll your lifestyle. I.e you can live in a property owned by the shell company. Or you can have the company sponsor your political campaign with a very generous fundraising.
Good idea if you had time
You can’t convert 300 million into dollars in 30 days unless you own a bank .
Demand for dollars will devalue the Kenya shilling
For small guys like corrupt traffic police with 1m cash, it can work. Imagine a guy with even 300m to spend. He would rather start a biz like several hardwares and by stock of over 50m. Start constructions of apartments and buy materials to finish an apartment at a go