Friday, April 15, 2011
Kenya's constitution requires new notes without names
According to an article in The East African dated 4 April 2011, Kenya's new constitution requires that names of individuals be removed from the front of banknotes and coins. The country's current notes, originally issued in 2004, all feature a named portrait of Kenya's first president, Mzee Jomo Kenyatta. This design is owned by De La Rue, which holds the exclusive contract for printing Kenya's banknotes. By changing the design to conform with the constitution, the Central Bank of Kenya would own the copyright on the new notes and could put their printing out to bid by other security printers. However, in a related article dated 4 April 2011, it's reported that DLR is on the verge of signing a new 10-year deal with the Central Bank of Kenya.