Kenya has appointed a German firm to handle its banknote printing operations, replacing De La Rue, which left the Kenyan market in 2023 due to low demand.
Central Bank of Kenya (CBK) Governor Kamau Thugge announced the selection during a post-Monetary Policy Committee (PMC) meeting, highlighting that the German firm is reputed as "one of the best." The transition aligns with Kenyan legal requirements and includes significant updates to the currency design.
Governor Thugge emphasized the need to replace the aging banknotes, beginning with the Ksh.1000 denomination, which will be the first to be phased out due to potential shortages. The CBK aims to ensure a smooth transition to the new currency to avoid stockouts.
The redesigned banknotes will feature a distinct texture, with the words "Kenya," the "1,000" digits, and the note's edge having a defined touch. The security thread, traditionally a broken line, will now appear as a continuous line and change color when tilted. A golden band indicating the banknote's value will also be visible under Ultraviolet light.
Furthermore, the new notes will showcase enhanced security features, including the banknote's value, the words "CBK," and a lion's head watermark, all visible when held up to the light. These updates aim to improve the security and durability of the Kenyan currency.
