CBK remains mum on details of new currency - News Summed Up

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CBK remains mum on details of new currency


By BRIAN NGUGIMore by this AuthorThe Central Bank of Kenya (CBK) Thursday remained mum on details of the planned introduction of a new-look currency. This came as debate raged among Kenyans on how the new currency, including notes and coins, will look like. The production of new currency notes that do not bear the images of former presidents was supposed to start after passage of the 2010 Constitution. The CBK has never floated a successful competitive international tender since it was established in 1966. On March 14, 2003, Finance minister David Mwiraria cancelled the 10-year exclusive currency printing contract and ordered an international tender.


Source: Daily Nation September 21, 2017 14:48 UTC



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