Printing of new bank notes to be delayed

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The National Bank of Rwanda (BNR) has to wait longer for the firm, which was awarded currency-printing contract to deliver new banknotes.

On August 21 last year, the government opened the bidding process for design and printing of new banknotes to seven European firms.

According to the bidding documents from the central bank, the ultimate winners of the contract had to deliver new banknotes by the end of July this year but the delivery is yet to be made.  The reasons for the delayed delivery of the new banknotes to government by the supplier are yet to be known.

The BNR is now in advanced stage of printing new notes of Rwf2000 and Rwf5000 notes with new features a year after the bank changed the Rwf500 notes. The resolution to print the new notes with new features has been approved by the Cabinet through a presidential order, which has been published in the official gazette this month.

“We are not commenting about this at the moment but we shall give the media all the details during a press conference very soon,” said John Rwangombwa, Governor of the National Bank of Rwanda.

The shortlisted suppliers for the new banknotes printing contract include Polska Wytowornia Papierow Wartosciowych from Poland, Oberthur Fudiciare from France, Joh. Enschede from Netherlands, Crane currency from Sweden and Goznak from Rusia among others.

However, it is not clear which firm among the shortlisted ones was the ultimate winner of the printing contract.All bids were supposed to be accompanied by a bid security of Rwf13.7 million.

The government wants to print 10 million new banknotes of Rwf5000 and will bear a mountain gorilla in the Volcano National Park on the front.  On the back, of the new notes will have a big and small baskets with the dominant colour being lilac.

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