Nelly
Member
The monetary authority said members of the public had normalised extreme folding of the ledger tender to the extent of making it weak, leading to the said wear and tear. For instance, CBK governor Patrick Njoroge pointed at the crew in the Public Service Transport whom he said have been witnessed folding the notes in their hands and even stashing them in socks, leading to the poor physical state of the monies.
Since the transition from the old currency, a section of Kenyans has been decrying the quality of the notes stating that they easily get spoiled, despite being handled the same way as the old ones. As he vouched for the new currency, Njoroge told the Senate committee that Kenya did not source the best of quality in the new currency notes.
“We looked at three things... the feel, aesthetic and security features. We [chose] a comparable quality with other countries like ourselves,” Njoroge said. The senators recommended the improvement of the quality of the KSh 50 since they are ones that are said to be in high circulation.
As Kenyans ushered in the new currency in June 2019, Njoroge assured that the unveiled currency notes were of good quality and designed in accordance with the law. Concerns had been raised leading to a heated debate on whether or not the currency was designed in compliance with the law after a section of leaders raised questions on the use of a portrait of the late former president Mzee Jomo Kenyatta.
The CBK governor emphasised that all the applicable laws were followed to the letter, including public participation before the new notes were released.
"We have followed all the applicable laws to get to this point, and in terms of the quality of the notes, we have tried listening to the public. We involved the public in the designs of the notes and various features on them," said Njoroge in 2019.
"If you recall, the new coins had images depicting our wildlife. And in the case of the notes, they are depicting various elements of our economic activities and aspects of things that relate to our economic prosperity," he added.
The governor said the new KSh 1,000 note depicted green energy, agriculture, tourism, governance and sports on the backside.
Since the transition from the old currency, a section of Kenyans has been decrying the quality of the notes stating that they easily get spoiled, despite being handled the same way as the old ones. As he vouched for the new currency, Njoroge told the Senate committee that Kenya did not source the best of quality in the new currency notes.
“We looked at three things... the feel, aesthetic and security features. We [chose] a comparable quality with other countries like ourselves,” Njoroge said. The senators recommended the improvement of the quality of the KSh 50 since they are ones that are said to be in high circulation.
As Kenyans ushered in the new currency in June 2019, Njoroge assured that the unveiled currency notes were of good quality and designed in accordance with the law. Concerns had been raised leading to a heated debate on whether or not the currency was designed in compliance with the law after a section of leaders raised questions on the use of a portrait of the late former president Mzee Jomo Kenyatta.
The CBK governor emphasised that all the applicable laws were followed to the letter, including public participation before the new notes were released.
"We have followed all the applicable laws to get to this point, and in terms of the quality of the notes, we have tried listening to the public. We involved the public in the designs of the notes and various features on them," said Njoroge in 2019.
"If you recall, the new coins had images depicting our wildlife. And in the case of the notes, they are depicting various elements of our economic activities and aspects of things that relate to our economic prosperity," he added.
The governor said the new KSh 1,000 note depicted green energy, agriculture, tourism, governance and sports on the backside.