Kenyan shilling


Kenyan shilling

Infobox Currency
image_1 = Kenyan_20_Shilling_Note.jpg
image_title_1 = 20 shilling (1994), portrait of Daniel arap Moi
image_2 = KSh10b.jpg
image_title_2 = 10 shilling coin
iso_code = KES
using_countries = Kenya
inflation_rate = 9.3%
inflation_source_date = " [https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook] ", 2007 est.
subunit_ratio_1 = 1/100
subunit_name_1 = cent
symbol = KSh
frequently_used_coins = 50 cents, 1, 5, 10, 20, 40 shillings
rarely_used_coins = 5, 10 cents
frequently_used_banknotes = 50, 100, 200, 500 and 1000 shillings
rarely_used_banknotes = 10, 20 shillings
issuing_authority = Central Bank of Kenya
issuing_authority_website = www.centralbank.go.ke

The shilling (ISO 4217 code: "KES", also often used "KSh") is the currency of Kenya. It is divisible into 100 cents. As the Kenyan shilling is the most stable and strongest currency in east Africa, it is used outside the country mostly in unstable places like Somalia and southern Sudan and is favoured over the local currency.

History

The Kenyan shilling replaced the East African shilling in 1966 at par.

Coins

The first coins were issued in 1966 in denominations of 5, 10, 25 and 50 cents, 1 and 2 shillings. 25 cents coins were not minted after 1969, with 2 shillings coins last minted in 1971. In 1985, 5 shillings coins were introduced, followed by 10 shillings in 1994 and 20 shillings in 1998.

Between 1966 and 1978, the portrait of the first president of Kenya, Mzee Jomo Kenyatta, appeared on the obverse of all Kenya's coins. In 1980, this was replaced by a portrait of Daniel arap Moi until 2005, when a new coin series was introduced with the portrait of Kenyatta restored. The coins are 50 cents and 1 shilling in stainless steel and bi-metallic coins of 5, 10 and 20 shillings. A bi-metallic 40 shilling coin with the portrait of President Kibaki was issued in 2003 to commemorate the fortieth anniversary of independence (1963-2003).

Banknotes

In 1966, the Central Bank of Kenya issued notes in denominations of 5, 10, 20, 50 and 100 shillings. 5 shillings notes were replaced by coins in 1985, with the same happening to 10 and 20 shillings in 1994 and 1998. In 1986, 200 shillings notes were introduced, followed by 500 shillings in 1988 and 1000 shillings in 1994.

As with the coins, Mzee Jomo Kenyatta appeared on the banknotes issued until 1978, with Daniel arap Moi's portrait replacing him in 1980. In 2003, after Mwai Kibaki replaced Moi as president, 5, 10, and 20 shilling notes from the 1978 series with Kenyatta's picture that had been in storage were issued, and circulated for a time. A new series of notes was then introduced on which Kenyatta reappeared with denominations of 50, 100, 200, 500 and 1000 shilling. The issue of 12 December 2003 commemorates the "40 years of Independence 1963-2003". The banknotes are printed in Nairobi by De La Rue.

ee also

* Economy of Kenya

External links

Standard numismatics external links
world_coin_gallery_1_url = Kenya
world_coin_gallery_1_name = Kenya
banknote_world_1_url = kenya
banknote_world_1_name = Kenya
dollarization_1_url = ke
dollarization_1_name = Kenya
gfd_1_url = Kenya
gfd_1_name = Kenya
gfd_data_1_url =
gfd_data_1_name =
show_gfd_excel = Y

* [http://www.centralbank.go.ke/currency/index.html Old currency and new generation currency]
* [http://www.coinsv.narod.ru/c_pages/kenya.htm Kenyan coins]


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Look at other dictionaries:

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  • KES (Kenyan Shilling) — The currency abbreviation or currency symbol for the Kenyan shilling (KES), the currency for Kenya. The Kenyan shilling is made up of 100 cents and is often presented with the symbol KSh. The Kenyan shilling is the strongest and most stable… …   Investment dictionary

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