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1mon agoEMMANUEL WANJALARealtime
The Central Bank of Kenya (CBK) has effected the four changes in the denominations of Kenyan currency banknotes.
The changes include the signature of CBK Governor Kamau Thugge and the signature of the Principal Secretary of the National Treasury Chris Kiptoo.
Other changes include the year of print being 2024, and new security threads with color-changing effects that are specific to each denomination.
The Bank on August 6, effected the changes on the Sh1,000 note and has now announced that the release of Sh50, Sh100 and Sh200 denominations is now in progress.
“We wish to update
the public that the release of Sh50, Sh100, Sh200 and Sh500 denominations is
now in progress,” a statement from the CBK said.
According to the Bank, the changes are in effect according to the law.
“The Central Bank of Kenya (CBK) is mandated to issue currency as conferred by Article 231 (2) of the Constitution of Kenya and Section 22 (2) of the Central Bank of Kenya Act. In fulfilment of this mandate, the Bank has made some changes to the denominations of the Kenyan currency banknotes,” the CBK said then.
CBK said other than the changes highlighted, all other features of the banknotes remain the same as those of the series issued in 2019.
“We also would like to draw to the public's attention that all other banknotes currently in circulation remain legal tender and will continue to circulate alongside the released banknotes,” it said.
The Bank stated that details of the banknotes are available on the CBK’s website.
The new general banknotes were launched during the 2019 Madaraka Day celebrations, by retired President Uhuru Kenyatta.
Uhuru and former CBK Governor Patrick Njoroge had in
December 2018 also launched the new generation coins that are currently in use.
