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Uganda Central Bank will no longer exchange Kenya Currency | Coastweek

 
NEW KENYA BANKNOTE SERIES: The Central Bank of Kenya has issued new generation banknotes. The front of the banknotes bear the image of Kenyatta International Conference Centre, one of the most iconic and recognisable landmarks in our country. A dove is also shown to symbolise a peaceful Kenya. The images on the back of the banknotes symbolise green energy, agriculture, social services, tourism, and governance. The designs are also more accessible to visually impaired persons. These banknotes will circulate alongside those previously issued and not withdrawn. OFFICIAL IMAGES - CENTRAL BANK OF KENYA

Uganda Central Bank has stopped exchange of Kenya currency

KAMPALA Uganda (Xinhua) -- Uganda’s central bank said Tuesday that it has stopped exchange of the Kenyan currency after Kenya decided to suspend currency conversion and repatriation of the Kenyan shilling.

The Bank of Uganda said in a statement that the Central Bank of Kenya informed it that it has issued a new series of Kenyan banknotes with a view to combating illicit flows and counterfeits into Kenya.

"In light of the new developments, the Bank of Uganda will not accept the Kenya shillings at its counters with immediate effect," the statement said.

The Bank of Uganda said changing the Kenyan currency from old to new banknotes can only be done in Kenya.

           

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