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Market
What will be the main issue faced during the transition to new banknotes by June 30, 2025?
2
Resolution / Starting Odds
Production delays • 25%
Distribution challenges • 25%
Public acceptance • 25%
Other • 25%
Reports from CBK and credible news sources
Story
Kenya Signs KES 14B Contract with Giesecke+Devrient for New Banknotes
Aug 21, 2024, 01:15 PM
Kenya is set to spend KES 14 billion to replace worn-out banknotes after signing a five-year contract with German currency printer Giesecke+Devrient. Central Bank of Kenya (CBK) Governor Kamau Thugge explained that the decision was made following the exit of De La Rue, which posed a risk of a banknote stock-out. The CBK used a classified procurement process to secure the contract, which is valued at $109.4 million, to avert the potential crisis.
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Mostly positive • 25%
Mixed • 25%
Mostly negative • 25%
Indifferent • 25%
Yes • 50%
No • 50%
High compliance • 25%
Moderate compliance • 25%
Low compliance • 25%
Non-compliance • 25%
Department of State • 25%
Department of Defense • 25%
Department of Health and Human Services • 25%
Department of Homeland Security • 25%
£5 note • 25%
£10 note • 25%
£20 note • 25%
£50 note • 25%
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No • 50%
Technical issues • 25%
Regulatory hurdles • 25%
Economic conditions • 25%
Public resistance • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Technical challenges • 25%
Security concerns • 25%
Regulatory issues • 25%
Lack of consensus • 25%
