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Central Bank of South Sudan suspends transactions in Kenyan Currency

The central bank of South Sudan has ordered commercial banks to suspend all transactions with Kenyan currency. Kenya had requested the currency suspension to curb illicit financial flows and counterfeit.

“The Central Bank of Kenya has started the issuance of new series of Kenyan shilling banknotes,” says the Bank of South Sudan (BOSS). Based on this information, the BOSS has requested all banks to be vigilant and also inform overseas financial institutions of the relevant changes.
Kenya is withdrawing the old 1,000 shilling note with new notes and the process is expected to finish by October 1, 2019.

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