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Central Bank of Kenya (CBK) cancelled a currency-printing contract with De La Rue without any official communication from the Cabinet.
Governor Njuguna Ndung’u told the Parliamentary Accounts Committee (PAC) that the institution acted on a letter by the former Finance Minister Amos Kimunya, which indicated that the Cabinet had made the decision to cancel the 2006 contract to print some Sh1.71 billion pieces of currency.
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