Kenya: New Series of Coins and Banknotes 2018

[eurocoin]

After Mr Omtatah, De La Rue and De La Rue Kenya EPZ Ltd, now Swedish currency manufacturer Crane AB has also sued the Central Bank of Kenya. They say they quoted the best price and therefore demand that the tender is being awarded to them immediately. 

[eurocoin]

Okiya Omtatah and Swedish currency printer Crane AB won the case against the Central Bank of Kenya. The judge last week declared the awarding of the currency printing tender by Central Bank Kenya to De La Rue, null and void. The judge has ordered Central Bank Kenya to re-evaluate all bids and to make a new decision. Central Bank Kenya has announced that they will appeal the decision of the court.

[Figleaf]

For the sake of completeness, Crane AB is a subsidiary of Crane & Co Inc., a US company that holds a de facto monopoly on printing US banknotes, which is often seen as an implicit state subsidy of the US company.

Before 2002, Crane AB was known as AB Tumba Bruk, established in 1755 in Tumba.

Peter

[redlock]

For the sake of completeness, Crane AB is a subsidiary of Crane & Co Inc., a US company that holds a de facto monopoly on printing US banknotes
Peter

Doesn't the BUREAU OF ENGRAVING AND PRINTING actually print the US banknotes while Crane supplies the ''paper'' only?

[Figleaf]

You are right, but it doesn't change the train of thought.

Peter

[eurocoin]

As Bimat posted earlier today, the Court of Appeal has yesterday decided that the Central Bank of Kenya did not commit collusion in awarding the currency printing tender to De La Rue. The Central Bank is now going to reschedule the issuance of the new currency and is looking to issue it as soon as possible. Hopefully we will soon at long last get to see the new coins.

[eurocoin]

Activist Okiya Omtatah has appealed the decision of the Court of Appeal, the case has now been referred to the Supreme Court.

I contacted Omtatah earlier but he declined to comment.

[Pabitra]

Finally awarded ( hopefully)

https://www.businessdailyafrica.com/corporate/companies/De-La-Rue-Sh11bn-deal-print-new-currency/4003102-4872126-j4cs8d/index.html

Does De La Rue get to mint coins too?

[eurocoin]

Finally awarded ( hopefully)

https://www.businessdailyafrica.com/corporate/companies/De-La-Rue-Sh11bn-deal-print-new-currency/4003102-4872126-j4cs8d/index.html

Does De La Rue get to mint coins too?

This is old news. The tender was awarded to De La Rue long ago and that award has been challenged in court several times since. We will have to wait for a decision of the supreme court of Kenya. De La Rue is a banknote printer. They don't make coins.

[Pabitra]

This is old news.

Old?
The new bye line says 28th November.

They don't make coins.

If it was unified tender then they can get it made from any approved mint.
It depends on the tender conditions.

[eurocoin]

Old?
The new bye line says 28th November.

If it was unified tender then they can get it made from any approved mint.
It depends on the tender conditions.

Yes, the news itself can still be old even if they have put a new date on it. It was not a unified tender.

[Jostein]

They are already here!! Very nice coins 

Kshs 1 coin: Bears the image of a giraffe.
Kshs 5 coin: Bears the image of a rhino.
Kshs 10 coin: Bears the image of a lion.
Kshs 20 coin: Bears the image of an elephant.


https://www.kenyans.co.ke/news/35347-kenyan-currency-photos-coins-launched-uhuru

[Pabitra]

Great News
Thanks, Jostein

1 Shilling image is missing or only obverse is shown since it is not bimetallic

[Pabitra]

The reverse

[<k>]

Yes, nice designs, though after a very long wait. Elephant, lion, rhino - well, there are plenty of these already on other circulation coins. Perhaps a serval or a hyena might have made a change. Nevertheless, the designs are nicely done and look original. However, there are not too many giraffes so far. We all remember the girafffes on the Rhodesia and Nyasaland coin, and recently there was this:



South Sudan.  Similar to the Kenyan design? But then, how many poses does a giraffe have?