Connect with us

Business News

US Embassy now accepting new banknotes after CBK intervention : The Standard

Published

on

[ad_1]

CBK Governor Patrick Njoroge (PHOTO: FILE)

NAIROBI, KENYA: US Embassy in Nairobi is now accepting both the old and new currency notes, a retreat from Tuesday’s announcement asking Kenyans planning to make any consulate payment to use only the old currency.

In a Tuesday tweet, the Embassy said it was working on procedures to accept the new Kenyan shillings.
“Until these procedures are in place, consular applicants will only be able to pay for services using the previous Kenyan shillings. You may also continue to pay by credit card, “read the tweet.
However, in a subsequent tweet Tuesday evening, the Embassy announced the Central Bank of Kenya (CBK) had provided it with equipment upgrades and training necessary to accept the new currency.

SEE ALSO :US revokes visa for Fatou Bensouda

“After coordination with the Central Bank of Kenya, we have been provided with equipment upgrades and training necessary to accept the new Kenyan currency. We now accept the new currency as well as the legacy currency valid until Oct 1. You may also continue to pay for services by credit card,” the Consulate said in a tweet.
During the launch of the new currency notes last month, Dr. Patrick Njoroge said that the Sh50, Sh100, Sh200, and Sh500 notes will be phased out slowly but the Sh1,000 note will be phased by October.
“All the Sh1000 notes were withdrawn by a gazette notice on Friday. Those in possession have until October 31, 2019, to release them,” said Njoroge.
According to the CBK Governor, the immediate phase-out of the Sh1000 note was to help the Government in dealing with cases of counterfeits, which has impacted the economy negatively.

For the latest news in entertainment check out Sde.co.ke and Pulser.co.ke , for everything sports visit Gameyetu.co.ke and ladies we have you covered on Evewoman

VisaCBKNew CurrencyBanknotes



[ad_2]

Source link

Comments

comments

Facebook

Trending