Kenyan currency notes are pictured inside a cashier’s booth at an Equity Bank branch in Nairobi on May 16 2023.....CLICK HERE TO READ THE FULL ARTICLE>>>
The Central Bank of Kenya has announced new changes that will affect the Kenyan Currency banknotes.
The Kenyan currency banknotes will now bear the signatures of the Governor of the Central Bank of Kenya Kamau Thugge and Treasury Principal Secretary Chris Kiptoo.
The current notes bear the signature of the former CBK Governor Patrick Njoroge.
This would be the first time the currency notes will bear the signature of a PS.
“The changes affect the fifty shillings (Sh50), one hundred shillings (Sh100), two hundred shillings (Sh200), five hundred shillings (Sh500) and one thousand shillings (Sh1,000) currency banknotes,” the CBK announced in a statement on Wednesday.
In addition to that, the bank notes will have the year of print and new security threads with colour-changing effects that are specific to each denomination.
CBK however noted that the rest of the features remain the same as those of the series issued in 2019.
The release of the bank notes will be done in phases starting with the Sh1,000 notes.
“Release of the banknotes will commence with Sh1,000, while other denominations will progressively follow in the coming months,” CBK said on Wednesday.
Nevertheless, all banknotes currently in circulation remain legal tender and will circulate alongside the released banknotes.
The current banknotes were revealed during the 56th Madaraka Day celebrations held in Narok County in 2019.
The former CBK Governor Patrick Njoroge then said the new currencies had designs that met the CBK requirements, served the public aspirations and captured the spirit of the Constitution...CONTINUE READING>>
