CBK
Central Bank
Central Bank of Kenya
Kenya
Kenyans Central Bank of Kenya
Njoroge
Patrick Njoroge
SEE
Uhuru
Uhuru Kenyatta
UN

President Uhuru unveils new look coins (PHOTOS)

: President Uhuru Kenyatta on Tuesday made historic visit to Central Bank of Kenya to launch new generation coins and receive a symbolic cheque of dividends on behalf of the government.

The visit was the first since President Uhuru Kenyatta took power in 2013 and most recent since 1984 when he visited the institution to do a foreign exchange.

“Last time I entered CBK doors was in 1984 when I came to look for some foreign exchange to go to school and I was told to go upstairs to see some secretary, I don’t know whether those things still exist or you are doing this in a different manner,” he said.

The President noted that the new coins will have improved features making them more appealing to the visually impaired persons.

SEE ALSO :Uhuru’s tax gamble that enraged Kenyans

Central Bank of Kenya said it has today (December 11) issued a gazzete notice making the new coins now a legal tender

The coin bear significant aspect of the country and will serve as a means of passing knowledge, conserving culture, and promoting Kenya’s global uniqueness.

Governor Patrick Njoroge said that Central Bank will in the coming days rollout a campaign raising awareness, educating the public on the new coinage.

He said the new coins will circulate alongside previous coins issued but not withdrawn.

“CBK invited the public to provide their views on the elements that they desired on the coins. Having considered all submissions, CBK considered the most appropriate elements including the designs that best meet CBK’s technical requirements, serve the public aspirations and capture the spirit of the constitution,” said Governor Njoroge during the launch.

SEE ALSO :Uhuru calls for youth empowerment at UN meet

The Tuesday launch follows a court decision in October to clear way for new bank notes after numerouse cases challenging the awarding of tender to British firm De La Rue.

CBK welcomed the judgement, saying it would proceed “with all due haste” with the processes it had put in place for printing and supply of new generation bank notes.

“This legal challenge was the final hurdle stopping CBK from issuing the new generation bank notes. CBK will now reassess the timeline for the issuance of these bank notes,” said the bank in a press statement.

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