The Central Bank of Kenya (CBK) has announced the introduction of new banknotes for the Kenyan currency. These changes affect the KSh 50, KSh 100, KSh 200, KSh 500, and KSh 1,000 denominations.
Key Updates:
New Signatures: The new banknotes will feature the signatures of CBK Governor Kamau Thugge and Treasury Principal Secretary Chris Kiptoo.
Year of Print: The banknotes will display the year 2024.
Security Features: Enhanced security threads with color-changing effects specific to each denomination will be included.
Despite these updates, the existing banknotes will remain legal tender and will continue to circulate alongside the new ones. The release will start with the KSh 1,000 note, with other denominations following progressively in the coming months.
Purpose of New Banknotes
The CBK's introduction of these new banknotes aims to bolster anti-corruption efforts. The new designs are not just about aesthetics; they also make it harder for money to be hidden unlawfully. The notes will retain the 'Big Five' animal imagery and distinctive color-coding.
The changes are part of a broader strategy to ensure the Kenyan currency remains secure and up-to-date with modern standards
