ADVOKS GLOBAL · KENYA
The Central Bank of Kenya (Currency Handling) Regulations
7. Proof of validity of notes
Edition: 2022-12-31 · In force
7. Proof of validity of notes
(1)The Bank shall, prior to considering an application for exchange of defaced notes, verify and prove that the notes were genuine before their defacement.(2)No application for replacement of defaced notes shall be allowed if the Bank proves that the affected currency was counterfeit and the Bank shall, in addition to the penalty prescribed under paragraph (3), confiscate the counterfeit notes.(3)A person who presents for replacement notes that have been found to be counterfeit commits an offence and shall, in addition to any punishment provided for in any other law, be liable to a penalty, payable to the Bank, of twice the total face value of the counterfeit notes or two hundred thousand shillings whichever is lower.