CBK to mint new coins to avoid possible stock-outs

coins

The CBK is seeking to recruit a coin-minting firm for a three-year contract through a competitive tender process.

Photo credit: File | Nation Media Group

The Central Bank of Kenya (CBK) has kicked off a search for a firm to mint new coins, months after it signed a controversial Sh14.14 billion ($109,422,740) deal with a German company to print new notes to replace old ones and also avoid possible stock-outs.

The CBK said that it targets to recruit a coin-minting firm for a three-year contract through a competitive tender process.

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