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Youth Village Kenya > Blog > Business > 10 Facts You Should Know About Kenya’s New Currencies
Business

10 Facts You Should Know About Kenya’s New Currencies

Editor
Last updated: 2018/12/11 at 10:39 PM
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President Uhuru Kenyatta together with CBK Governor Patrick Njoroge launched new currency on 11th December 2018.

Here are facts you need to know about new currency 

  1. The coins contains features that makes visually impaired persons use them with ease.
  2. The new currency will be available in dominations of Sh1, Sh5, Sh10 and Sh20
  3. Unlike old coins which had portraits of ex presidents, the new ones have portraits of animals 
    Sh1: Bears the image of a giraffe
    Sh5: Bears the image of a rhino
    Sh10: Bears the image of a lion
    Sh20: Bears the image of an elephant.
  4. Mr. Njoroge noted that the new currency bears significant aspects of Kenya such as  knowledge, conserving culture, and promoting Kenya’s global uniqueness.
  5. The design best meets CBK’s technical requirements, serves the public aspirations and capture the spirit of the constitution
  6. CBK hopes to carry out a campaign to create awareness, educating the public on the new coinage.
  7. The 2010 Constitution that banned the use of presidential portraits on Kenyan currency.
  8. Detailed informations 
  • Sh1 coins weighs 5.5g and are silver in colour
  • Sh5 coin weighs 3.75g with a diameter of 19.5mm.
  •  Sh10 coin weighs five grammes, is 23mm in diameter with a yellow outer and silver inner.
  • Sh20 coin weighs nine grammes with a diameter of 26mm. It is silver on the outer side and yellow inside.

9. The move by CBK followed after activist Okiya Omtatah moved to court arguing that the current old noes were disobeying the constitution because they contained images and portraits of human beings which the law of the land forbids

10. Local designer only known as Dicky Jr. on social media was alleged to be the one behind the design of new currency

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Editor December 11, 2018 December 11, 2018
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