njuguna ndung ’ u : workshop on the compilation of banking statistics in kenya address by prof njuguna ndung ’ u, governor of the central bank of kenya, at the opening of the workshop on the compilation of banking statistics, kenya school of monetary studies, nairobi, 12 june 2007. * * * mr. kevin o ’ connor, consultant imf mr. oliver chinganya, regional advisor, gdds project the representatives of : kenya banker ’ s association ( kba ), institute of certified public accountants of kenya ( icpak ) and central bureau of statistics distinguished participants, ladies and gentlemen, let me first and foremost welcome you all to the kenya school of monetary studies and to this very important workshop on the compilation of banking statistics. i must thank you for taking time off to attend this function. i wish to thank the imf consultant in particular for finding time to participate in this workshop as a resource person. as you may be aware, the imf has played a major role in the development of monetary statistics in kenya and in countries around the world. in particular, the fund, in collaboration with the department for international development ( dfid ), continues to support the general data dissemination system ( gdds ) project which aims at improving the availability and quality of data in developing countries to conform with international standards. kenya, as a country, being part of the gdds project, provides an important avenue for database improvements. this workshop is therefore part of the greater plan towards the improvement of statistics in kenya with the support of these organisations. i thank them for this contribution. ladies and gentlemen, my task today is to open this workshop but before i do that let me draw your attention to the importance of this workshop and statistics in general. you will recall that the financial crisis that hit the asian economies in the early 1990s was partly occasioned by lack of sufficient statistical information on what was going on in the banking system. i am glad therefore that thereafter, the world economies have taken initiatives to ensure that statistical capacities and developments are at the forefront so as to inform decision making at all levels. we at the central bank have not been left behind. over the past few years, the bank has been working on the improvement of monetary and financial statistics to meet the international compilation standards guided by the recommendations of the imf mission on report for observance of standards and codes ( rosc ), and plans for improvements under the gdds project

njuguna ndung ’ u : launch of the first and new currency of the republic of south sudan address by prof njuguna ndung ’ u, governor of the central bank of kenya, at the launch of the first and new currency of the republic of south sudan, juba, south sudan, 18 july 2011. * * * your excellency, salva kiir, president of the republic of south sudan ; honourable minister of finance of the republic of south sudan ( ross ) ; all honourable ministers of the ross ; honourable the governor of the bank of south sudan ( boss ) ; all invited guests ; ladies and gentlemen, it gives me great pleasure, honour and privilege to be part of this historic ceremony of launching the first currency for the newly born republic of south sudan. indeed i wish to congratulate the republic of south sudan for being able to introduce new currency hardly ten days after the country ’ s independence day. this is by all standards no mean achievement. i watched with great delight the recent celebrations that marked the birth of the republic of south sudan and consider it a great honour to have been invited to this equally important milestone event in the history of this new nation. this event is extremely important for the central bank of kenya as it signifies the strong relationship that the south sudan has had with the central bank of kenya over the years. the central bank of kenya hosted his excellency the governor of bank of south sudan some years back. this paved the way for the continued friendship the two institutions have enjoyed to date. ladies and gentlemen, i am also glad to note that recent consultations have identified additional areas in which technical assistance can be offered to the bank of south sudan by the central bank of kenya. your excellency mr. president, we recognize the enormous but not insurmountable task that the bank of south sudan has in transforming itself from a branch to a fully fledged central bank and assure you of the central bank of kenya ’ s commitment and support in this transformation process. coming to the wider network of the eastern african region, leap frog with ease for bank of south sudan : 1. payment systems 2. currency convertibility 3. facilitate trade with the rest of the east african community region. with these few remarks, i wish to once again congratulate the republic of south sudan and the bank of south sudan for launching its new currency. thank you and god bless. bis central bankers ’ speeches