De La Rue Kenya stoppage triggers chequebook crisis

The De La Rue money printing facility in Nairobi. FILE PHOTO | AFP

Kenyan banks are facing a logistic crisis of supplying customers with cheques after dominant banknotes and security printer De La Rue announced plans to freeze local operations from March 31.

The banks are scrambling to seek alternative printers as the lenders advise their customers to stockpile cheques after the multinational made the shock announcement on January 20 to suspend operations on low business.

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