Kenya is a country located in Eastern Africa. It borders the Indian Ocean in the southeast. The area is 224,081 square miles which makes it the 48th largest country, also Kenya is the 29th most populous country. The largest and capital city is Nairobi. The official languages in Kenya are English and Swahili. In 2020, Kenyan’s economy will be the third-largest in its region. Kenyan Shilling is the current currency of this country.
The history of the Kenyan Shilling.
The Kenyan Shilling (KES) was first introduced in 1966 to replace the East African shilling which was popularized by the British government for the areas in East Africa. After gaining independence in the 1960s, East Africa countries and Kenya started printing their national currencies.
With the establishment of the Central bank of Kenya, on 14 September 1966, the Kenya Shilling banknote was issued in denominations of 5, 10, 20, 50, and 100 shillings. These banknotes have featured the portrait of Mzee Jomo Kenyatta who is the first president of Kenya on the facade, and economic activities on the other side.
In 1980, the portrait of Kenyatta was replaced by is Daniel arap Moi, the second president of Kenya. Since 1985, the 5, 10, and 20 shillings banknotes gradually were replaced by coins. Likewise, new banknote series were introduced including the 200 in 1986, the 500 shillings in 1988, and the 1 000 shillings in 1994.
In 2003, the new series of banknotes was introduced with the return of Kenyatte’s portrait in the 50, 100, 200, 500, and 1 000 shillings. With the specialty of the 200 shillings to commemorates “40 years of Kenya’s independence”.
Lately, the newest Kenya shilling series was reintroduced with the decoration of the building of KICC on the front. On the reverse side had featured the liveness of Kenyan.
Surprisingly, the banknote series of Kenyan Shilling hasn’t changed much after several years. Kenya’s economy holds the steady of controlling the financial system which many countries couldn’t.