2016-10-25 | 1876948753

Banking Circular No 6 of 2009 - Improvement of Currency operations

The Central Bank of Kenya is notifying all commercial banks of improvements to currency operations, including the handling of counterfeit notes and penalties for non-compliance with sorting guidelines and timelines. The bank is taking these actions to curb the circulation of counterfeit currency and ensure efficient and secure currency operations.

Tags
monetary
enforcement
operational
fraud