Nairobi, Kenya – The Central Bank of Kenya (CBK) has announced the release of a new series of banknotes, marking a significant milestone in the country’s monetary system. The announcement, made on Monday by CBK Governor Kamau Thugge, has generated widespread interest among Kenyans eager to learn about the features and implications of the new currency.
Governor Thugge highlighted that the new banknotes align with the Constitution of Kenya 2010, which requires currency to feature elements reflective of the nation’s heritage, culture, and history. “These new banknotes symbolize Kenya’s identity and progress. They feature advanced security features to deter counterfeiting while celebrating the rich diversity of our nation,” he said during the launch event.
The new series includes denominations of KSh 50, 100, 200, 500, and 1,000, each showcasing unique designs that highlight Kenya’s wildlife, economic activities, and cultural icons. The notes are also designed with accessibility in mind, featuring raised marks to assist visually impaired individuals.
Kenyans will have a transition period to exchange old notes for the new ones at commercial banks, a move aimed at ensuring a smooth changeover. Governor Thugge reassured the public that the CBK would conduct an extensive awareness campaign to educate citizens about the new currency.
While many Kenyans welcomed the move, others expressed concerns about potential disruptions during the transition. Small business owners and traders have particularly urged the government to ensure rural areas are adequately informed and serviced during the exchange process.
“The new banknotes are not just about modernization; they are about fostering trust and security in our monetary system,” added Governor Thugge.
As Kenyans prepare to embrace the new currency, the CBK has called on citizens to remain vigilant and report any counterfeit incidents. The release marks a significant step forward in enhancing the integrity and representation of Kenya’s currency.
By tuko