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{
    "id": 316626,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/316626/?format=api",
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    "content": "Mr. Temporary Deputy Speaker, Sir, the next thing after that is looking through what needed to be done in the long term. Are you going to print money through competitive tendering? Is that the best way forward in terms of securing your currency into the long term? As we were discussing with De La Rue, they had given an indication that because of having won a contract to print money in Malta, which is a cheaper cost regime, they would close the Ruaraka factory and declare all the people redundant because of our Government’s policy to print money outside instead of Kenya. I looked at it and we quickly consulted with the PS - then Joseph Kinyua - and agreed we needed to give a better alternative to ensuring that those jobs were secured while, at the same time, ensuring that we continued printing money in Kenya under prices that could be afforded by CBK. The joint venture route, which we all agreed, became the bone of contention."
}