Loading...
Market
Will CBK successfully issue new banknotes by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from the Central Bank of Kenya (CBK) or 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.
View original story
Similar markets
Yes • 50%
No • 50%
Less than £1 million • 25%
£1 million to £1.5 million • 25%
£1.5 million to £2 million • 25%
More than £2 million • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
CBDCs banned • 25%
CBDCs regulated but allowed • 25%
No specific CBDC legislation • 25%
Other outcome • 25%