Nairobi, Jan. 7 -- Patrick AlushulaThe Central Bank of Kenya (CBK) has put on sale about 281 tonnes of old and unserviceable coins, marking one of the unique asset-disposals undertaken by the regulator in recent years.
In a tender notice, CBK announced that it is seeking eligible companies -mainly metal smelting foundries and coin-minting firms- to buy and melt the coins that are unfit for further circulation due to being worn out or mutilated.
The move will see CBK clear 281,667 kilogrammes or about 281.67 tonnes of damaged coins in the CBK vaults, even as the regulator plans on minting new ones.
The bids will close on January 22, 2026, coming a month after bids for a three-year coin minting tender closed, signalling that CBK will rep...
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