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"id": 1457025,
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"type": "speech",
"speaker_name": "Sen. (Dr.) Khalwale",
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"legal_name": "Bonny Khalwale",
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"content": "Thank you, Mr. Speaker, Sir. Pursuant to Standing Order No.53(1), I rise to seek a statement from the Standing Committee on Finance and Budget in respect of the non-use of the 50 cent coins and the one shilling coins in trading activities in this country. In the statement, the committee should- (a) Sate how much money's worth of these coins was minted and released into circulation when the new generation coins were unveiled. (b) Explain why these coins are no longer in use for trading. (c) Outline the inflationary impact the failure of using these coins has caused on the economy given that in many instances the price of commodities is normally rounded off at the expense of members of the public. (d) State any steps the Central Bank of Kenya (CBK) is taking to ensure that hundreds of billions of money worth of these coins held is brought back into circulation."
}