US EditionKenya's Central Bank Warns Against Use of Banknotes to Make Cash Bouquets
The Central Bank of Kenya warns that damaging banknotes for bouquets harms cash equipment and increases replacement costs, with offenders facing up to seven years in jail.
- On Monday the Central Bank of Kenya warned that making banknote bouquets is illegal and could lead to prison in Kenya.
- The CBK said banknotes are often folded, glued or stapled, compromising their integrity and describing these alterations as defacing the currency.
- Social media influencers popularised the trend of rolling and pinning cash into decorative bouquets, which florists sell often ahead of Valentine's Day on 14 February this year.
- Such damage prevents ATMs and cash-counting machines processing notes, disrupting transactions and imposing replacement costs on the public and the bank; the CBK urged non-damaging alternatives.
- Across the region central banks have acted: Nigeria arrested people for `tampering`, Ghana cautioned against `money cakes`, and the announcement drew mixed reactions on social media, from amusement to relief.
12 Articles
12 Articles
Why a money bouquet could land someone in legal trouble this Valentine’s
As Valentine’s Day on February 14 approaches, florists, gift shops, and social media timelines are once again awash with elaborate displays of affection. Among the most eye-catching are the money bouquet: flower-like arrangements made from folded or rolled banknotes, often mixed with roses, ribbons, and glittering ornaments. The habit has become increasingly popular in Kenya. For many Kenyans, money bouquets have become a fashionable way of expr…
CBK warns Kenyans that they risk jail for buying Money Bouquets
That stunning money bouquet you’re planning for a loved one could come with a side of legal trouble. The Central Bank of Kenya (CBK) has issued a stern warning to both the floral industry and the general public: the trendy practice of using banknotes in decorative arrangements is now considered a criminal offense. As celebratory […] The post CBK warns Kenyans that they risk jail for buying Money Bouquets appeared first on HapaKenya.
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