The E-Sylum:  Volume 8, Number 18, May 1, 2005, Article 23

KENYA CURRENCY DESTRUCTION

On April 26, 2005, The East African Standard published a
nice article about the creation of a new series of Kenyan
banknotes and the destruction of the old notes.

"Deep inside the vaults of the Central Bank of Kenya building
off Haille Selassie Avenue, three men are struggling to feed
dirty cash into the Note Disintegration and Briquetting machines."

"As Kenyans wait for the introduction of new generation bank
notes — which will be equivalent in size to the US dollar notes
and only featuring the portrait of the founding President Mzee
Jomo Kenyatta — this machine is going to be very busy over
the next five years.

Around 2.1 billion pieces of bank notes will be introduced into
the economy during that period and the old notes will be
destroyed and replaced with new ones."

"Previously, a contingent of heavily armed paramilitary troops
used to guard a small note destruction exercise deep into the
heart of Karura Forest. But these days, as Mariwa says, "soiled
currency is destroyed online without the intervention of human
operators here in Nairobi and at the branches in Mombasa
and Eldoret as well."

Full Story

  Wayne Homren, Editor

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