Central Banking

Kenya c bank plans Moi-portrait notes phasing out

The central bank of Kenya plans to introduce new banknotes bearing the portrait of founding President Jomo Kenyatta.

Source: Daily Nation website

The Central Bank of Kenya has designed and is planning to print new currency notes bearing the portrait of founding President Jomo Kenyatta.

The new notes, in the 50, 500 and 1,000-shilling denominations, are being seen as signalling the phasing out of currency featuring the portrait of [immediate] former President Moi.

The move could also mean that Pre