News Is Nairobi becoming hub for fake foreign cash printing firms? Fake foreign cash totalling Sh1 billion that was recovered at Sandalwood Apartments in Westlands, Nairobi, on October 1, 2018. Fake currency dealers are becoming bolder by the day. FILE PHOTO | NMGThe large sums of fake foreign currency seized by the police in recent months have raised concerns on whether Nairobi could be turning into a base for transnational fake cash cartels. The CBK, in an annual report for the period ending June 2017, acknowledged the possibility of a transnational fake currency ring in Nairobi and the region.

Source: The North Africa Journal March 17, 2019 06:33 UTC