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Will there be a significant delay in the delivery of new banknotes by March 31, 2025?
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Resolution / Starting Odds
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Official announcement from 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.
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