Group Files Case to Block Printing, Circulation of Kenya's New-Look Currency

Group Files Case to Block Printing, Circulation of Kenya's New-Look Currency

The Consumer Federation of Kenya (COFEK) has filed a case in court seeking to have the Central Bank of Kenya (CBK) blocked from printing Kenya's new-look currency.

In court documents, COFEK argues that CBK violated article 10 of the Constitution on national values and also failed to conduct public participation before unveiling the new generation currency.

COFEK secretary-general Stephen Mutoro says there should have been public participation in relation to the appearance of the new generation coins since currency is a symbol of national unity.

The association wants the court to block the government from printing and circulating the new currency and begin the process anew with the input of the public.

The new coins bearing images of wild animals were launched last week by President Kenyatta and CBK Governor Patrick Njoroge, in line with the 2010 constitution requirements.

The new coins come in denominations of Sh1, Sh5, Sh10 and Sb20 coins. Sh1 bears the image of a giraffe, rhino for Sh5, a lion for Sh10 while Sh20 has the image of an elephant.

 

Comments

Mugikuyu (not verified)     Tue, 12/18/2018 @ 11:40am

Thanks COFEK for calling this nonsense. The one thing that this government has excelled in is assuming the population supports their initiatives or that their opinions(common Wanjiku) do not matter or maybe they have nothing to contribute yet these are the same people funding these initiatives.

Add new comment

The content of this field is kept private and will not be shown publicly.

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA
1 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.