Uganda's central bank stops exchange of Kenyan currency

Source: Xinhua| 2019-06-11 21:13:54|Editor: xuxin
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KAMPALA, June 11 (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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