Kenya launches new currency coins…removes images of Kenyatta’s father
New currency removes images of first President Jomo Kenyatta and his successor Daniel Arap Moi.
London, Dec. 11, 2018 (AltAfrica)-The Central Bank of Kenya (CBK) has unveiled Kenya’s new generation coins that will start circulating this Tuesday.
The new currency, which was gazetted on Tuesday, contains features that make it accessible to visually impaired people.
The new generation coins, whose unveiling was presided over by President Uhuru Kenyatta in the capital Nairobi, will be available in denominations of Sh1, Sh5, Sh10 and Sh20.
Mr Kenyatta, who was making his first visit to CBK since taking office in 2013, received a symbolic cheque of dividends on behalf of the government.
“Last time I entered CBK doors was in 1984 when I came to look for some foreign exchange to go to school and I was told to go upstairs to see some secretary, I don’t know whether those things still exist or you are doing this in a different manner,” he said.
Unlike the old-generation coins that had portraits of former presidents Jomo Kenyatta and Daniel arap Moi, the new legal tender features Kenya’s rich wildlife heritage, as follows:
- Sh1: Bears the image of a giraffe
- Sh5: Bears the image of a rhino
- Sh10: Bears the image of a lion
- Sh20: Bears the image of an elephant.
CBK Governor Patrick Njoroge said the coins bear significant aspect of the country and will serve as a means of passing knowledge, conserving culture, and promoting Kenya’s global unique
“CBK invited the public to provide their views on the elements that they desired on the coins. Having considered all submissions, CBK considered the most appropriate elements including the designs that best meet CBK’s technical requirements, serve the public aspirations and capture the spirit of the constitution,” he said during the launch.
Dr Njoroge said that the market regulator will in the coming days roll-out a campaign to create awareness, educating the public on the new coinage.The Sh1 coins weighs 5.5g and are silver in colour while the Sh5 coin weighs 3.75g with a diameter of 19.5mm.The Sh10 coin weighs five grammes, is 23mm in diameter with a yellow outer and silver inner.The new Sh20 coin weighs nine grammes with a diameter of 26mm. It is silver on the outer side and yellow inside.
The unveiling of the new currency is in line with provisions of the 2010 Constitution that banned the use of presidential portraits on Kenyan currency.The phase-out of the old-generation coins, CBK said, will be gradual, with the new currency coins will circulate alongside the existing ones.
I am extremely pleased that today we can achieve yet another milestone, launching the family of new generation coins. They honour the wishes of the people of Kenya in regard to their national currency as expressed in the constitution,” he said
The 2010 constitution mandated the Central Bank of Kenya (CBK) to spearhead the production and roll-out of the new currency.The constitution prohibits the use of a person’s portrait on currencies, meaning the upgrade is expected to have new features.
Notes currently in circulation have the images of first President Jomo Kenyatta and his successor Daniel arap Moi.
The new-look currency should also be fashioned to enable the visually-impaired to use them as the coins start to circulate today.
He added that a currency is not just an exchange of value present a unique way of history and the celebration of Kenya’s culture.
The Sh5 coin will bear the image of a rhino, Sh10 coin the image of a lion, while the Sh20 coin bears the image of an elephant.“I am also informed that the coins contain features that make them more accessible to visually impaired persons and I applaud you for that,” noted the president.
British security printing firm De La Rue International won the tender to print the new look currency at a cost of $150 million but the process has been delayed by court case