COFEK Wants CBK Barred From Printing New Currency


The Consumer Federation of Kenya(COFEK) has moved to court to stop the Central Bank (CBK) from printing the new currency that was unveiled by President Kenyatta last week.

According to COFEK, CBK contravened article 10 of the constitution and that there was no public participation before the new currency was unveiled.

The secretary general Stephen Mutoro said that the currency is a symbol of national unity there should have been public participation in relation to the images on the various denominations that the images represented.

COFEK has asked the court to have CBK withdraw the printed coinage and start the process afresh with the input of the public.

Last week President Uhuru Kenyatta and the Central Bank of Kenya (CBK) Governor Patrick Njoroge launched the new generation Kenyan currency in accordance with the 2010 constitution.

Read:Amazon Opens Doors For Kenyan Shilling In Global Shopping

They said that the  coins would begin circulation as a legal tender in accordance with a gazette notice published on Tuesday. The new coin currencies contains features that are favorable to visually impaired persons and will no longer include Presidents’ portraits.

The CBK governor said that the new coins would serve as a means of passing knowledge, conserving culture, and promoting Kenya’s global uniqueness.

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Written by Merxcine Cush

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