New Cur­rency

ChinAfrica - - News Roundup -

Kenya plans to in­tro­duce a new gen­er­a­tion cur­rency in the sec­ond half of 2017, Cen­tral Bank of Kenya (CBK) Gov­er­nor Pa­trick Njoroge said in Septem­ber. Njoroge said the de­signs for the cur­rency were be­ing fi­nal­ized.

In 1966, the CBK is­sued its first Kenyan cur­rency that re­placed the then-pre­vail­ing East African cur­rency which was le­gal ten­der in the re­gion. Njoroge said the new cur­rency will in­clude se­cu­rity fea­tures to en­sure that coun­ter­feits will be al­most im­pos­si­ble to make.

The gov­er­nor said that a massive pub­lic­ity cam­paign will be rolled out be­fore the in­tro­duc­tion of the new cur­rency in or­der to in­crease up­take.

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