14 November 2017

Kenya: CBK Fails to Meet Deadline On New-Look Currency, KoT is Worried

Kenyans online are seeking answers on why the new-look currency that bear no president's portrait has not been rolled out yet.

Central Bank of Kenya (CBK) Governor Patrick Njoroge had in 2016 told the Senate that he saw September 2017 as the preferred time to roll out the new notes, citing the election year insecurities as impediments.

Days into the September timeline, on 21st, Dr Njoroge told a media briefing: "We are in the business of having the new generation currency that is consistent with the constitution and we will do this in accordance with the Central Bank Act and to all other laws that govern that whole process."

Two months after his declaration, Kenyans on Twitter are now questioning why the new notes have not started circulating.

The 2010 constitution states that, "notes and coins issued by the Central Bank of Kenya may bear images that depict or symbolise Kenya or an aspect of Kenya but shall not bear the portrait of any individual."

Impunity... pic.twitter.com/vwM0GV5F3G

- Hon. Otiende Amollo (@OAmollo) November 14, 2017

It is seven 7 years since promulgation of the constitution! Isn't that grace period enough!

-- Victor Auma (@aumavictor) November 14, 2017

It had specific Constitution timeline with maximize extension of two years. Both expired

-- Ndung'u Wainaina (@NdunguWainaina) November 14, 2017

So does it mean De LA Rue has never printed any new notes since 16th July 2010? Tunacheswo!

-- Simba (@Simba_Richards) November 14, 2017

They must be backdated to make them legal

-- Mwirigi Allan (@AllanMwirigi) November 14, 2017

Ati all these notes were printed the same day. 16th july,2010 pic.twitter.com/gBsE4A7IdD

-- Ledama Olekina Jnr (@AshiaLogx) November 14, 2017

Am just wondering all those people who work at De La Rue... what have they been doing since 6th July 2010? Ironing the notes or what? Or De La Rue was one of the companies that moved out of Kenya like Eveready, Cadburry and Sameer Africa

-- calvin jared (@Jerry_jakababa) November 14, 2017

Just thinking out loud... So any payments to money printers after 16 July 2010 for money printing should be 'illegal'

-- yayo254 (@Crunkwiz) November 14, 2017


Nation Journalists Feted at Merck Foundation Media Awards

NTV's Namukabo Werungah, Doreen Magak, Antony Wabwoba and former station head Pamela Asigi were among the big winners at… Read more »

See What Everyone is Watching

Copyright © 2017 Nairobi News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.