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{
    "id": 1096064,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1096064/?format=api",
    "text_counter": 223,
    "type": "speech",
    "speaker_name": "North Imenti, JP",
    "speaker_title": "Hon. Rahim Dawood",
    "speaker": {
        "id": 2572,
        "legal_name": "Abdul Rahim Dawood",
        "slug": "abdul-rahim-dawood"
    },
    "content": "In case a bank is bankrupt, it means all that money will go and they will just be given Kshs500,000. That is why I have said they should be given Kshs1million. In South Africa, where they have a similar rule, they give a minimum of Kshs625,000. In the Republic of Ireland, they give 100,000 Euros as deposit protection. It has changed from 30,000 Euros from 1990 and to date it is 100,000 Euros. We as a country passed this in 1989 where we were giving Kshs100,000. However, it was changed a year back when we revised the regulations and said we are giving Kshs500,000."
}