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Encyclopedia > Kenyan shilling
Kenyan shilling
20 shilling (1994), portrait of Daniel arap Moi 10 shilling coin
20 shilling (1994), portrait of Daniel arap Moi 10 shilling coin
ISO 4217 Code KES
User(s) Kenya
Inflation 10.5%
Source The World Factbook, 2006 est.
Subunit
1/100 cent
Symbol KSh
Coins
Freq. used 50 cents, 1, 5, 10, 20 shillings
Rarely used 5, 10 cents
Banknotes
Freq. used 50, 100, 200, 500 and 1000 shillings
Rarely used 10, 20 shillings
Central bank Central Bank of Kenya
Website www.centralbank.go.ke

The shilling is the currency of Kenya. Its ISO 4217 code is KES. The symbol KSh is also often used. The Kenyan shilling replaced the East African shilling in 1966 at par. Image File history File linksMetadata Download high-resolution version (2353x1280, 2003 KB) A photo of a 20 shilling note from Kenya. ... Image File history File linksMetadata KSh10b. ... This article or section does not cite its references or sources. ... A two-cent euro coin A United States penny, or 1¢ In currency, the cent is a monetary unit that equals 1/100 of the basic unit of value. ... The Central Bank of Kenya is Kenyas central bank. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... The East African Shilling is the proposed name for the common currency the East African Community plans to introduce by 2009. ...


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.

Contents

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.


Beteen 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 bimetallic 40 shilling coin with the portrait of President Kibaki was issued in 2003 to commemorate the fortieth anniversary of independence (1963-2003). Jomo Kenyatta Jomo Kenyatta (October 20, 1893 ?– August 22, 1978) was a Kenyan politician, the first Prime Minister (1963–1964) and President (1964–1978) of an independent Kenya. ... This article or section does not cite its references or sources. ... The 1 euro coin is bi-metallic, it is made of two different alloys: the inner part of cupronickel, the outer part of nickel brass Bi-metallic coins are coins consisting of more than one metal or alloy, generally arranged with an outer ring around a contrasting center. ...


Banknotes

In 1966, the Central Bank of Kenya issued notes in denominations of 5, 10, 20, 50 and 100 shillings. 5 shillings coins 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. The Central Bank of Kenya is Kenyas central bank. ...


As with the coins, Mzee Jomo Kenyatta appeared on the banknotes issued until 1978, with Daniel arap Moi's portrait replacing him in 1980. A new series of notes was introduced in 2003 on which Kenyatta reappeared. Denominations are 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 Thomas de la Rue. December 12 is the 346th day (347th in leap years) of the year in the Gregorian calendar, with 19 days remaining. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Guernsey Post stamp commemorating Thomas de la Rue issued 1971 Thomas De La Rue (24 March 1793 - 7 June 1866) was a printer from Guernsey who, from modest beginnings, founded a printing company which is now, 200 years later, the worlds largest commercial security printer and papermaker. ...

Current KES exchange rates
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References

External links

Preceded by:
East African shilling
Reason: currency independence
Ratio: at par
Currency of Kenya
1966
Succeeded by:
Current

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Kenyan shilling - Wikipedia, the free encyclopedia (243 words)
The Kenyan shilling replaced the East African shilling in 1966 at par.
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.
5 shilling till 1982, 10 shilling till 1995 and 20 shilling till 1998 with the 200 shilling introduced in 1986, 500 shilling in 1992 and 1000 in 1994.
  More results at FactBites »


 

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