PRESIDENT UHURU LAUNCHES NEW CURRENCY COINS
After winning a Ksh11.1 billion three year contract to design and manufacture Kenya’s new generation currency, British security printer firm De La Rue is already at work. President Uhuru Kenyatta on Tuesday officially launched Kenya’s new currency, which had been set to take effect from the new year 2019. The President launched the coins, which are to have symbols rather than the portraits of the former Presidents of Kenya. Kenyans are expected from today to start using the new generated coins. Central Bank of Kenya is set to start circulating the new currency today. De La Rue had earlier disclosed that it plans to deliver the first batch of the banknotes, which will not bear the image of an individual in 2019. The pricing of the initial batch of the new notes means it will cost the taxpayer Ksh2.4 billon. The decision allowed the CBK and the security printer to proceed with production of the new currency notes as required under the 2010 Constitution.The aw...