The Kenyan shilling is the official currency of Kenya. One Kenyan shilling is divided into 100 cents. Banknotes are available in denominations of 10, 20, 50, 100, 200, 500, and 1000 shillings. Coins are issued in 1, 5, 10, 20, and 40 shilling denominations, as well as 5, 10, and 50 cents.
History of the Kenyan Shilling
The Kenyan shilling became the official currency of Kenya in 1966, replacing the East African shilling. When the new currency was introduced, the first set of coins was also issued. The Kenyan shilling was introduced at par with the East African shilling.
Interesting Facts about the Kenyan Shilling
Due to a decline in tea exports, the value of the Kenyan shilling significantly dropped. In mid-2011, 83 shillings equaled one US dollar, but by the end of 2011, it further depreciated to 105 shillings per dollar. However, a recent increase in tea exports suggests a potential rise in the shilling's value against the US dollar.
Kenyan shilling KES
The Kenyan shilling is the official currency of Kenya. One Kenyan shilling is divided into 100 cents. Banknotes are available in denominations of 10, 20, 50, 100, 200, 500, and 1000 shillings. Coins are issued in 1, 5, 10, 20, and 40 shilling denominations, as well as 5, 10, and 50 cents.
History of the Kenyan Shilling
The Kenyan shilling became the official currency of Kenya in 1966, replacing the East African shilling. When the new currency was introduced, the first set of coins was also issued. The Kenyan shilling was introduced at par with the East African shilling.
Interesting Facts about the Kenyan Shilling
Due to a decline in tea exports, the value of the Kenyan shilling significantly dropped. In mid-2011, 83 shillings equaled one US dollar, but by the end of 2011, it further depreciated to 105 shillings per dollar. However, a recent increase in tea exports suggests a potential rise in the shilling's value against the US dollar.