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{
    "id": 632338,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632338/?format=api",
    "text_counter": 45,
    "type": "speech",
    "speaker_name": "Hon. Njomo",
    "speaker_title": "",
    "speaker": {
        "id": 1784,
        "legal_name": "Jude L. Kangethe Njomo",
        "slug": "jude-l-kangethe-njomo"
    },
    "content": "in February 2014. Around the same time, the Central Bank of Kenya made an advertisement on its website. It read:- “A draft Bill of Central Bank of Kenya Bill, 2014 has been developed in line with Article 231 of the Constitution of Kenya. The National Treasury invites comments from the public and stakeholders to be received by 30th April 2014. The comments should include and not limited to composition, powers, functions, operations of Central Bank of Kenya relating to formulating of monetary policy, promoting price stability, issuance of currency and performance of other functions”. That was the last time we heard of that Banking Act. It never came to this House. It was never published and nothing ever happened. It was only the Member of Parliament for Mukurweini, Hon. Kabando wa Kabando, who brought an amendment to the Central Bank Act. But his amendment was on the use of electronic means of issuance of Government securities and also for the provision of lower denominations of Government securities. It had nothing to do with the regulation or lowering of bank interest rates."
}