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Move to stop changing Kenyan currency has placed new hurdles to cross-border trade
Kenya’s decision to withdraw the old generation Sh1,000 currency notes from circulation by October 1 this year is hampering trade along the border with Uganda.
The Central Bank of Kenya (CBK) on June 1 announced the replacement of the old Sh1,000 currency note with a new one that has additional security features, while the smaller denominations will be phased out over the next three years.
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