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Kenya’s New Currency

Kenya’s New Currency

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On 1st June, 2019 during Kenya’s 56thMadaraka day, the Central Bank of Kenya (CBK) Governor Patrick Njoroge unveiled the new currency and announced that the current Ksh1,000 would be rendered useless by October 31st, 2019. This is in line with the CBK act that stipulates that “all Kenyan notes and coins issued by the Central Bank of Kenya may bear images that depict or symbolize Kenya or an aspect of Kenya but shall not bear the portrait of any individual.”

NEW COINS

Before the introduction of the new currency, Kenya had coins which bore the portraits of previous Kenyan heads of state; Kenyatta, Moi and Kibaki. These coins will still be usable. The new coins introduced to the Kenyan economy do not have the portraits of the presidents but photos of major wildlife found in Kenya.

 


New notes will also be used alongside the old generation ones except for the old Kshs. 1,000 note which shall cease to be a legal tender after 31st October 2019. Kindly have this in mind even as you plan on visiting our beautiful country, Kenya.

The best places to exchange money while on your safari in Kenya are

  • Bureau de exchange
  • Banks
  • Hotels

kindly beware and avoid individuals posing outside Bureaus and in the streets who promise you better rates. They more often than not turn out to be brokers or con men.I hope this article will be of great help to you and in case you have a question let us know through our comments section.

 

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