Bank Exchange Rates for Kenyan Shilling
Bank Exchange Rates for Kenya - KES - Kenyan Shilling – KSh. The foreign exchange rates for Kenya also known as the ISO code KES or the Kenyan Shilling currency and as a symbol KSh.
Bank Exchange Rates for Kenya
Banknotes are available in denominations of 10, 20, 50, 100, 200, 500 and 1,000 shillings, though 10 and 20 shilling notes are used infrequently. Frequently used coins are available in denominations of 1, 5, 10, 20, 40 shillings, and the 50 cent coin is rarely used. Send Money Transfer to Kenya.
initially put into circulation on the 14th of September, 1966, replacing the East African Shilling. Initially, the two currencies circulated simultaneously, but the East African Shilling was demonetised in 1969 when the Central Bank of Kenya started exclusively disbursing the Kenyan Shilling. Notes were available in denominations of 5, 10, 20, 50 and 100 shillings and originally the Kenyan shilling could be substituted for 100 cents. All of the notes featured a portrait of Mzee Jomo Kenyatta, Kenyas first president and prime minister on the front and a mixture of economic activities displayed on the back. In 1985 the 5 shilling note was replaced by coins, with 10 and 20 shilling to follow suit in 1994 and 1998.
Currency Rate for Kenya
The coins available came in denominations of 1, 2, 5, 10, 25 and 50. The minting of 25 cent coins was stopped in 1970, except for 1973 when a commemorative set was introduced featuring the 25 cent coin.
In 1986, the 200 shilling notes were introduced into circulation followed by the 500 shilling notes in 1988 and the 1000 shilling notes in 1994.
Today the Kenyan Shilling can be substituted for 100 cents and consists of bank notes and coins, banknotes that can be found in denominations of 10, 20, 50, 100, 500 and 1000 shilling, though the 10 and 20-shilling notes are hardly ever used. Coins are also available in denominations on 1, 5, 10, 20, 40 and 50 cents, though 50 cents are rarely used, a lot of for commemorative purposes. The most popular exchange for the shilling is the KES to USD rate.
Currency Rates for Kenyan Shilling
In 2013 a new design for the Kenyan shillings symbol was proposed, initially receiving a lot of positive reactions from locals and online. The proposed design featured two parallel lines on the bottom half of the coin to represent the equal sign (=), with it showing a balanced relationship between items of the same value and equality. The Kenyan people were excited to the idea of their local currency having its own unique, individual symbol but, nothing ever eventuated from the proposal.
GBP to KES
The Kenyan shilling was first issued in 1966, and denominations of 5, 10, 25 and 50 cents, 1 and 2 shillings were minted, though 25 cent coins ceased to be minted in 1971, save for the 1973 commemorative coin set. Bank Exchange Rates for Kenya. The foreign exchange rates for Kenyan Shilling also known as the ISO code KES. Send money transfer online with us with the cheapest options.