2008-06-06 | 926085839

Banking Circular No 4 of 2008 - Revised guidelines for currency transactions

The Central Bank of Kenya has issued revised guidelines for currency transactions, requiring commercial banks to sort banknotes into fit and unfit categories before depositing them at the Central Bank. The Bank will no longer accept deposits of unsorted banknotes or coins, with the new guidelines taking effect from July 1, 2008. The Bank has provided detailed criteria for sorting banknotes, including standards for soiled, stained, torn, and counterfeit notes, with the aim of maintaining a clean banknote policy and enhancing confidence in Kenyan currency.

Kenya

Central Bank of Kenya

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