Cbk Issues Warning On Use Of Banknotes For Decorative Bouquets

The Central Bank of Kenya (CBK) has issued a stern warning to Kenyans about the misuse of Kenya Shilling banknotes for decorative purposes, saying such practices compromise the integrity of the notes and render them unsuitable for circulation.

In a statement released yesterday, CBK highlighted the growing trend of using banknotes to create decorative items such as cash flower bouquets, ornamental displays, and other arrangements. While the intention behind such practices may be harmless, the consequences are not.

“Such practices compromise the integrity of Kenya Shilling banknotes and render them unsuitable for circulation,” CBK said. “The use of adhesives, pins, staples, and similar materials damages banknotes and interferes with the efficient operation of cash-handling and processing equipment.”

CBK explained that damaged banknotes lead to increased rejection during processing, resulting in premature withdrawal and replacement of currency, which comes at an avoidable cost to the public and the Bank.

“We’re urging Kenyans to refrain from practices that compromise the integrity of our currency,” said CBK Governor, Dr. Kamau Thugge. “Let’s protect our money and preserve its value. Our currency is a symbol of our national pride, and it’s our collective responsibility to ensure its integrity.”

The warning comes as a reminder that damaging or defacing currency is an offence under Section 367 of the Penal Code, punishable by law. CBK emphasized that any person found guilty of defacing, mutilating, or impairing currency notes issued by lawful authority commits an offence and may face prosecution.

CBK is calling on the public to adopt alternative, non-damaging methods when presenting monetary gifts, such as using gift cards or envelopes. “These alternatives are not only thoughtful but also help preserve the integrity of our currency,” CBK said.

The move is expected to raise awareness and promote a culture of respect for Kenya’s currency. CBK is committed to safeguarding the integrity of the national currency and will continue to undertake public sensitization and stakeholder engagement to protect the quality, usability, and public confidence in Kenya Shilling banknotes.

The Impact

The impact of damaged banknotes is far-reaching. It affects not only the economy but also the public’s trust in the currency. When banknotes are damaged, they’re withdrawn from circulation, leading to a shortage of currency in the market. This can have a ripple effect on businesses, individuals, and the economy as a whole.