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{
    "id": 316266,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/316266/?format=api",
    "text_counter": 538,
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    "speaker_name": "",
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    "speaker": null,
    "content": "information on this matter that it was not easy to go through all of it. I can confirm to hon. Members that the Report that we have presented before this House was well researched. We took time, and there was no vendetta in it. First, I want to refer hon. Members to Appendix II, the Special Audit Report, because the gist of this Report is in that audit report. We have been talking about a cancelled tender. In 2002, the then Minister for Finance, hon. Mwiraria, cancelled a tender which was there because the process was not competitive, among other reasons. Mr. Temporary Deputy Speaker, Sir, following a subsequent competitive tendering process, the Central Bank of Kenya (CBK) was able to secure competitive currency printing rates. These are the rates contained on page nine of the Special Audit Report, which I would like hon. Members to look. In the previous tender, 1,000 Shs50 notes were going to be printed at a cost of Sterling Pound 43.83 but, through the competitive tendering process, the CBK was going to have the same work done for Sterling Pounds 25.17, representing a decrease of 43 per cent. If you consider the cost of printing currency notes of Shs50, Shs100, Shs200, Shs500 and Shs1000 denominations, on average, we were going to save about 45 per cent."
}