Kenyan Shilling

Kenya's currency is the Kenyan Shilling (KES). The shilling is subdivided into 100 cents. The Central Bank of Kenya issues banknotes in denominations of 50, 100, 200, 500 and 1,000 shillings. Coins in circulation are in denominations of 5, 10, 20, 50 cents and 1, 2, 5 and 10 shillings. The first Kenyan shilling was introduced in 1966, replacing the East African shilling. The East African shilling had been introduced in 1920, replacing the rupee. The rupee had been introduced in 1895, when Kenya was a British colony. The Kenya shilling is stable currency, and its exchange rate is relatively low compared to other currencies. The Kenyan shilling is used in Kenya, Uganda, Tanzania and Somalia.