counterfeit money in kenya
Counterfeit Notes a Headache for Kenyan Authorities
The central bank’s introduction of new notes was an effort to disrupt the multibillion counterfeit currency business, however, the move by fraudsters to quickly replicate the money, is set to be a big blow to efforts to rid the country of dirty and fake money, writes Paul Wafula for Daily Nation.
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Kenya: Millions of Fake Foreign Currency Found Abandoned Along Busy City Road
NAIROBI NEWS, 3 SEPTEMBER 2019
Police in Nairobi have launched investigations into an incident where millions of fake foreign currency were found dumped by the roadside along Ngong Road in Nairobi. Read more »
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Kenya: CBK Asks Parents to Give School Children New Generation Notes As Pocket Money
NAIROBI NEWS, 21 AUGUST 2019
The Central Bank of Kenya (CBK) has advised parents to give their school-going children the new generation Sh1,000 banknotes as pocket money. Read more »
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Kenya: Kenya Goes Slow On New Currency
EAST AFRICAN, 20 JULY 2019
Kenya’s bid to fight money laundering and other forms of illicit financial flows by phasing out the Ksh1,000 ($10) banknote by October 1 is facing challenges that could compromise… Read more »
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Kenya: Regulator Mum As Banks Grapple With Acute Shortage of New Notes
NATION, 14 JULY 2019
The Central Bank of Kenya (CBK) has remained tight-lipped on why there is a shortage of the new currency, which has left banks confused. Read more »
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Kenya: Race Against Time for Banks as CBK Deadline Beckons
NATION, 8 JULY 2019
It’s a race against time for banks to reconfigure their cash dispensing machines ahead of the October 1 demonetisation of the Sh1,000 note. Read more »
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Kenya: Kenya’s New Plan to Wipe Out Financial Criminal Enterprise Faces a Litmus Test
EAST AFRICAN, 10 JUNE 2019
Kenya’s decision to withdraw its Ksh1,000 ($10) notes from circulation by October 1 was last week facing strong legal headwinds in the form of two legal suits against the Central… Read more »
InFocus
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Now anyone with old Kenyan notes in Tanzania will have to take them to Kenya to replace them for new ones launched recently. Read more »
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