Currency and Banking

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Currency and Banking

There is no restriction on the amount of foreign currency you may bring into any of the East African countries. It is advisable to change the foreign currency into local currency only in banks and forex bureaus. Before you leave you can change the local currency back into your currency but you may be sometimes asked for the initial exchange receipt. US$ are acceptable for payments in most tourist establishments and are more commonly used than the Euros. Many hotels and all National Parks quote their rates in US$ for visitors.

The present Exchange Rates are as follows:

1 US$ = 85 KES             1€ = 115 KES

Credit cards are widely accepted in tourist establishments, however often a 5% surcharge for processing card payments is charged. In Kenya there are many ATMs where you can use credit cards to obtain cash. The banking system in Kenya is very advanced as compared to Uganda and especially Tanzania. Banking hours are usually from 8.00 am – 3.00pm from Monday – Friday. At the Airport in Nairobi the banks are open 24 hours.