Thursday, 18th April 2024
To guardian.ng
Search

Kenyans rush to swap banknotes

By AFP
02 October 2019   |   12:36 pm
Kenyans rush to swap old 1,000 shilling banknotes as the Central Bank of Kenya-imposed ban on all old edition 1,000 shilling notes comes into force. A new print of the 1,000 shilling banknote, the largest denomination, was rolled out in June, with Kenyans given until today to exchange their old bills at the bank or else be stuck with bundles of useless cash.

0 Comments

Your email address will not be published. Required fields are marked *

Related

11 Apr
Some countries in Europe have begun to ban short-haul flights to cut emissions. Will other countries follow? And — can these bans make a real difference?
3 days ago
Here's what's been making the business headlines in sub-Saharan Africa this week.
13 Apr
Nigeria’s Minister of Finance, Wale Edun says 4.83 trillion naira from T-Bills and Bonds issued in the first quarter of this year was used to pay part of the Ways and Means advances from the Central Bank of Nigeria. Sam Chidoka, CEO of Kairos Capital joins CNBC Africa for more on this discussion and Nigeria's debt management strategy.
2 days ago
A year after Lula came to power, his gamble has paid off: deforestation has been halved in the Amazon. But this success comes at the cost of sacrificing another ecosystem that's just as vital to Brazil: the Cerrado.
2 days ago
Some top Nigerian banks are eyeing the international and local capital markets to raise fresh capital in a bid to meet the recapitalisation exercise by the Central Bank of Nigeria. Egie Akpata, Chairman of Skymark Partners joins CNBC Africa to examine options available to banks.
5 hours ago
According to the International Monetary Fund (IMF), a 10% rise in the dollar on the currency market would push down real gross domestic product (GDP) in emerging economies by 1.9% after one year, with adverse economic effects lasting more than two years