Rwanda warns against Valentine’s cash bouquets citing damage of banknotes

The National Bank of Rwanda (NBR) has issued a warning against using banknotes for decorative purposes like cash bouquets, echoing a similar caution from the Central Bank of Kenya (CBK). Both central banks highlight that folding, gluing, or otherwise defacing currency damages its integrity and leads to premature withdrawal, incurring avoidable costs.

CBK Sets Trend as Other African Banks Ban Money Bouquets

Following a recent ban in Kenya, both Uganda and Rwanda have also moved to prohibit the use of banknotes in decorative displays like cash bouquets and money cakes. This swift adoption by neighboring nations signals a growing regional effort to combat currency defacement and ensure the longevity of national currencies.

Florists Invent New Money Bouquets After CBK Warning

Florists in Kenya have ingeniously devised new "money bouquets" for Valentine's Day, circumventing a recent warning from the Central Bank of Kenya (CBK) against disfiguring currency. Instead of traditional methods like gluing or stapling, these new arrangements enclose banknotes in transparent cellophane without altering them.

CBK yazima ndoto za vijana, wafanyabiashara wapiga kelele

Cash bouquets no more? CBK ban divides Kenyans

The Central Bank of Kenya (CBK) has banned the popular trend of money bouquets, sparking a heated debate among Kenyans. The practice, which involves artfully folding banknotes into floral arrangements, had become a widespread way to gift cash for various celebrations, but the CBK cited concerns over currency defacement and mishandling.

CBK Cautions Kenyans on Misuse of Banknotes as Valentine’s Nears