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Kenya’s Central Bank could be charged if shilling not replaced

by Communication Team | Sep 20, 2017

pink_flamingosThe Central Bank of Kenya (CBK) might be charged for the extended delay in issuing a new series of the Kenyan shilling. Indeed, following a change in the Constitution which requires the Central Bank to issue currencies that do not depict portraits of individuals, the CBK was required to take action by August 2015. To this day, however, the unconstitutional banknotes are still in circulation and the CBK has not taken action to remove and replace them.

Activist Okiya Omtatah sent a letter to CBK Governor Patrick Njoroge requesting that all notes and coins portraying individuals be removed in a seven-day timeframe and a failure to do so could lead to legal action against the CBK.

The new series is expected to be issued in five denominations, all banknotes: 50, 100, 200, 500 and 1,000 shillings.

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