Currency - Kenyan shilling

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Kenyan shilling

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The shilling (shilingi; sign: KSh; code: KES) is the currency of Kenya. It is divided into 100 cents.

The exchange rate of the Kenyan shilling slumped dramatically in mid-2011, from about 83 shillings per US dollar to about 100 shillings per US dollar at late 2011 and to 105 shillings in September 2015. The Central Bank of Kenya shifted its target to tighten liquidity, including increasing interest rate and money market operations. But expected inflows due to tea export drove up the exchange rate to about 84 shillings per US dollar on 31 January 2012.

The Kenyan shilling replaced the East African shilling in 1966 at par.

The first coins were issued in 1966 in denominations of 5, 10, 25 and 50 cents, and 1 and 2 shillings; 25-cent coins were not minted after 1969 (except in the 1973 set); 2-shilling coins were last minted in 1971 (except in the 1973 set). In 1973 and 1985, 5-shillings coins were introduced, followed by 10-shillings in 1994 and 20-shillings in 1998.

Between 1967 and 1978, the portrait of Jomo Kenyatta, the first president of Kenya, originally appeared on the obverse of all of independent Kenya's coins. In 1980, a portrait of Daniel arap Moi replaced Kenyatta until 2005, when the central bank introduced a new coin series that restored the portrait of Kenyatta. The coins are 50 cents and 1 shilling in stainless steel and bi-metallic coins of 5, 10 and 20 shillings.

A bi-metallic 40-shilling coin with the portrait of then-President Mwai Kibaki was issued in 2003 to commemorate the fortieth anniversary of independence (1963–2003). New coins with the image of Kenyatta were issued in 2005. In 2010, Section 231(4) of the 2010 Constitution of Kenya stated "Notes and coins issued by the Central Bank of Kenya may bear images that depict or symbolise Kenya or an aspect of Kenya but may not bear the portrait of any individual." New banknotes and coins are scheduled to be released by 2018 to meet up with this new law. A new series of coins were issued on 11th December 2018, in denominations of 1-, 5-, 10 and 20 shillings. All of the coins depict the national Coat of arms of Kenya on the obverse and images of Africa's recognizable animals on the reverse.

On 14 September 1966, the Kenyan shilling replaced the East African shilling at par, although the latter was not demonetised until 1969. The Central Bank of Kenya issued notes in denominations of 5, 10, 20, 50 and 100 shillings. All of the notes feature a portrait of Kenya's first prime minister and president, Jomo Kenyatta, on the front and diverse economic activities on the back.

5 shillings notes 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.

As with the coins, Kenyatta appeared on the banknotes issued until 1978, with Daniel arap Moi's portrait replacing him in 1980. In 2003, after Mwai Kibaki replaced Moi as president, 5, 10, and 20 shilling notes from the 1978 series with Kenyatta's picture that had been in storage were issued, and circulated for a time. A new series of notes was then introduced on which Kenyatta reappeared with denominations of 50, 100, 200, 500 and 1000 shillings. The issue of 12 December 2003 commemorates the "40 years of Independence 1963–2003". The banknotes are printed in Nairobi by security printer De La Rue.

Country

Kenya

Kenya, officially the Republic of Kenya (Jamhuri ya Kenya), is a country in Africa with 47 semiautonomous counties governed by elected governors. At 580,367 km2, Kenya is the world's 48th largest country by total area. With a population of more than 52.2 million people, Kenya is the 27th most populous country. Kenya's capital and largest city is Nairobi while its oldest city and first capital is the coastal city of Mombasa. Kisumu City is the third largest city and a critical inland port at Lake Victoria. Other important urban centres include Nakuru and Eldoret.

Nilotic-speaking pastoralists (ancestral to Kenya's Nilotic speakers) started migrating from present-day Southern Sudan into Kenya around 500 BC. European colonisation of Kenya began in the 19th century during the European exploration of the interior. The modern-day Kenya emerged from a protectorate established by the British Empire in 1895 and the subsequent Kenya Colony, which began in 1920. Numerous disputes between Great Britain and the colony led to the Mau Mau revolution, which began in 1952, and the subsequent declaration of independence in 1963. After independence, Kenya remained a member of the Commonwealth of Nations. The current constitution was adopted in 2010 to replace the 1963 independence constitution.

Language

Kenyan shilling (English)  Scellino keniota (Italiano)  Keniaanse shilling (Nederlands)  Shilling kényan (Français)  Kenia-Schilling (Deutsch)  Xelim queniano (Português)  Кенийский шиллинг (Русский)  Chelín keniano (Español)  Szyling kenijski (Polski)  肯亞先令 (中文)  Kenyansk shilling (Svenska)  ケニア・シリング (日本語)  Кенійський шилінг (Українська)  Кенийски шилинг (Български)  케냐 실링 (한국어)  Kenian šillinki (Suomi)  Shilling Kenya (Bahasa Indonesia)  Kenijos šilingas (Lietuvių)  Kenya şilini (Türkçe)  Кенијски шилинг (Српски / Srpski)  Keenia šilling (Eesti)  Kenyai shilling (Magyar)  Kenijski šiling (Hrvatski)  Σελίνι της Κένυας (Ελληνικά) 
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