approximately Ksh 674.8B.
The Face value of Notes Produced: Ksh 689B
Total Production Cost:Ksh 14.2B.
Now the real deal will come from the interest earned from investing the proceeds of the currency issuance,minus the Central Bank of Kenya's operating expenses.
@cbk, @kra
If one were to do research and calculation why the government of Kenya intends to introduce the 5000 note, the numbers would be shocking.
The total net profit(seigniorage) from the batch of new generation notes currently being produced under the Ksh 14.2B contract will amount to
All experience has shown that mankind is more disposed to suffer- while evils are sufferable - than to right themselves by abolishing the forms to which they are accustomed.
Thomas Jefferson.
@polo_kimanii You know @polo_kimanii the problem we have in this country is that we think that politicians can liberate us, politicians can't liberate this country, you wont see a politician fixing your utility appliances, it is technology and technicians that will one day pave the way...
@HELBpage I applied or the HELB loan last year November. Up to date the status is still reflecting verified. It's been 4 months now. ID 40123317. Kindly do something Patience may run out.
The candidates should answer the question of what is power and why do they want to be in power. They should show us what they have done in there current positions that convince them to go for the bigger piece.
@UNCTVke@uonbi Why should we trust the candidates with power, considering that they have been in power and they have done absolutely nothing. How can they convince us that this time they will actually be productive
@UNCTVke@uonbi The questions i have for the incumbent president are;
1. How will he/she ensure that there are exchange programs for the students
2. How will he/she ensure that students gets enough exposer before graduation.