Kenyan central bank gets green light on banknotes from court
Court of Appeals rules in favour of central bank on tumultuous banknote tender
Kenya’s Court of Appeals ruled in favour of the country’s central bank this month, following a challenging banknote tender process, which saw contracts nullified.
“The decision, taken together with the previous high court decision, confirms there was no proof of collusion between the [Central Bank of Kenya] and the successful bidder, De La Rue,” the central bank says in a statement.
The CBK has now been given the all-clear to continue with plans to launch a new currency series in conjunction
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- BIS’s Zhang Tao on why Asian central banks favour a broader policy mix
- Central banks prepare for the rise of AI
- Central bank of the year: Central Bank of Brazil