The US Embassy has officially stated that it will not accept new Kenyan banknotes for payment of services like Visa fees until new procedures are in place to accept them. Only the older version of currency notes will be accepted as of now. The Embassy has not yet disclosed when they will start accepting the new notes or what new acceptance procedures it is working on. Payment will also be accepted via credit cards.
The new notes were introduced for circulation from 1st June. The older versions of smaller denominations will continue to circulate along with the new versions. However, the older 1,000 shilling note will be demonetised on 1st October. ATMs and cash counting machines will have to be upgraded so that they can identify the new notes which are smaller in size and have different features. The Central Bank has taken this step to curb black money, illegal transactions and counterfeiting activities.
83 per cent, 5.9 per cent, 4.2 per cent, 4.8 per cent and 1.9 per cent of all the banknotes in circulation were of the denomination Sh1,000, Sh500, Sh200, Sh100 and Sh50, respectively. The Government will also ban Sh1,000 banknotes which are widely accepted in other African countries.
Image Courtesy: The Central Bank of Kenya
Ram Chandra was a spiritual guide popularly known as 'Lalaji' among his followers. It is said that t...
Bosnia and Herzegovina is a country situated in the western Balkan Peninsula of Europe. Bosnia and H...
Patna Medical College is one of the India's oldest medical and surgical training institutions. The '...
Starry Night is one of the most recognized pieces of art in the world, it is said to be drawn by Van...
The Country of Turkey is located in Eurasia, which has a rich cultural heritage and is known for its...
Thank you for visiting our website and for your interest in our endeavour.
For a past few days we have been recieving queries whether we buy/sell coins, stamps and currency.
We would like to inform you that, as of date, we have not provided such a platform. However please register on our website and do keep visiting our portal for further notifications on such a forum and other important and exciting news/updates.
Happy Collecting !
Email: info@mintageworld.com
Contact Us