Regulatory Alerts1995-01-01
Suspension of PTA UAPTA Travellers Cheques by the Central Bank of Kenya
The Bank of Zambia notified all commercial banks that the Central Bank of Kenya suspended PTA UAPTA travellers cheque transactions effective 3 January 1995. Banks must immediately instruct customers not to carry these cheques when traveling to Kenya until further notice. This circular ensures domestic financial institutions comply with Kenyan monetary restrictions and mitigate customer foreign exchange risk.
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