Nairobi News


CBK fails to meet deadline on new-look currency, KOT is worried

By MWENDE KASUJJA November 14th, 2017 2 min read

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.”