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{
    "id": 52462,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/52462/?format=api",
    "text_counter": 47,
    "type": "speech",
    "speaker_name": "Dr. Oburu",
    "speaker_title": "The Assistant Minister, Office of the Deputy Prime Minister and Ministry of Finance",
    "speaker": {
        "id": 194,
        "legal_name": "Oburu Ngona Odinga",
        "slug": "oburu-odinga"
    },
    "content": " Mr. Temporary Deputy Speaker, Sir, I beg to reply. (a) The three year contract for the design, manufacture and supply of currency entered into on 4th May, 2006 by the Central Bank of Kenya and De La Rue International Limited for the printing of 1,710 million pieces of bank notes was cancelled by the Government to allow joint venture negotiations between the Government of Kenya and De La Rue. Since then, jobs have been retained (370) and safeguarded. In addition, production of currency for the region will be enabled thus resulting in economies being made. (b) Between May 2006 and 30th March, 2011, the Central Bank of Kenya has received 1,424.05 million pieces of bank notes at a cost of Sterling Pounds 40.65 million. (c) I wish to assure the House that the Government is fully cognizant of the requirements of Article 231(4) of the Constitution and has, therefore, already embarked on the design work for the new currency. The design of new coins and banknotes is, however, a highly sophisticated and technical exercise which would require a minimum of 21 months from design, printing, distribution and release into circulation of new coins and banknotes that are compliant with the new Constitution."
}