What happened to Kibaki’s 40 Bob Coin?

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Photo;Courtesy

The Ksh.40 coin is a forgotten currency in the attempts by the Central Bank of Kenya to role out new currency.

Although the circulation of ksh.40 coin is low, but it does not cease to be a Kenyan currency. CBK has not issued a bold statement about the fate of ksh.40 coin.

Narok Senator Ledama Olekina has questioned the fate of the ksh.40 coin.

Photo;Courtesy

The ODM Senator has stated that Central Bank of Kenya Governor Patrick Njoroge has never talked about it.

He has gone ahead to shift the debate from the legibility of the ksh 1000 note which contains the statue of Mzee Jomo Kenyatta to the ksh. 40 coin which also has the image of Former President Mwai Kibaki.

The question of the statue of Mzee Jomo Kenyatta has elicited a lot of reactions. According to Rarieda MP Otiende Amollo, it is unconstitutional for any currency of Kenya to have an image or portrait on the face of the coin or note.

David Ndii, who drafted Chapter 12 of the constitution, also states that It is deliberate mischief, impunity and contempt for the people to have the image on the currency.

Due to many concerns on the new currency, the High court directed the Chief Justice David Maraga to form a three bench Judge to look at the petitions being filed. Already their are two petitions in court challenging the role out of the new currency.

This comes as the Central bank of Kenya maintains its ground that it followed all the constitutional procedures being unveiling the new currency.

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