2008-06-06

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

The Central Bank of Kenya has issued revised guidelines for currency transactions to commercial banks, effective July 1, 2008. The new guidelines include sorting criteria for banknotes, with a focus on maintaining a clean banknote policy and enhancing integrity and confidence in Kenyan currency. Commercial banks are now expected to sort and separate fit and unfit banknotes before depositing them at the Central Bank, which will no longer accept deposits of unsorted banknotes or coins.

Kenya

Central Bank of Kenya

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