Kenya delays new series until September 2017

The Central Bank of Kenya has announced that the new generation of banknotes will be issued from September 2017. 

"Kenya must replace all currency with completely new bank notes because the Constitution adopted in 2010 prohibits the use of a person’s portrait on the legal tender. Article 231(4) of the Constitution bars the use of portraits or images of individuals on currency stating that notes and coins should only bear images that depict or symbolise an aspect of Kenya.

The Cabinet had approved the design of new generation currency in August 2013 and was working on a production date of 2015, prompting a botched international tender. Notes currently in circulation have the images of first President Jomo Kenyatta and his successor Daniel Arap Moi."

Kenya has had problems with printer De la Rue which led to delays with the issuing of the new currency. Perhaps September 2017 will be the new magic date?

Steven Friday 04 March 2016 at 3:20 pm | | news
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