Local Kenyan Currency Undergoes Modifications
Local currency in Kenya has undergone major modifications following a proposal,as stipulated in the constitution that bars the use of portraits or images of individuals, stating instead that the notes and coins should only bear images that depict or symbolize aspects of Kenya. Read:KCB boss Joshua Oigara crowned top CEO in Africa
The Central Bank of Kenya was set to get rid of the historical currency to prepare way for transition to the new-look of notes and coins.
CBK invited individuals,institutions,organizations and professional bodies to present proposals on elements/features to be considered for incorporation in the in the design of the new currency. See Also:Safaricom boss Bob Collymore named best CEO in Africa
“We are in the business of having the new generation currency that is consistent with the new constitution and we will do this in accordance with the Central Bank Act and to allow other laws that govern that whole process”,said CBK Governor Patric Njoroge.
The guiding themes for the new currency were proposed to be ‘Kenya reborn’ and ‘Kenya prosperity’ ,and the design elements were to be unique to Kenya by depicting physical features that reflect any aspect of the country, like flora and fauna that are unique to Kenya,key aspects in agriculture, technology, manufacturing,infrastructure,sports,tourism and environment.Digital security should be core of management strategy
As a transparent institution, Central Bank of Kenya encourages public participation in this important exercise because citizen’s views and input in the process is a fundamental constitution right. Also Read;Cheap Toilets Accelerating Progress Towards Sanitation for All Goal