Central Bank of Kenya Makes Changes to Banknote Denominations

The Central Bank of Kenya has announced changes to the denominations of Kenyan currency banknotes.

In a statement issued by the CBK on Wednesday morning, the changes will affect the fifty shilling (KES 50), one hundred shillings (KES 100), two hundred shillings (KES 200), five hundred shillings (KES 500), and one thousand shillings (KES 1000) banknotes. The notes will also bear the signature of the Central Bank of Kenya Governor Kamau Thugge and the Principal Secretary of the National Treasury, PS Chris Kiptoo, as well as the year of production, which is 2024.

“The banknotes will bear the signature of the CBK Governor Kamau Thugge and the Treasury PS Chris Kiptoo, and will also include the year 2024 and new security threads with color-changing effects specific to each denomination,” part of the statement issued by the Central Bank of Kenya reads.

The CBK further highlighted that the same features as those issued in 2019 will remain, and all currently circulating banknotes will remain legal tender and will circulate alongside the newly released notes.

According to the CBK, the release of the new banknotes will commence with the KES 1000, while other denominations will follow in the coming months.