The Central Bank of Kenya (CBK) has announced significant changes to Kenyan currency, introducing updated Sh50, Sh100, Sh200, and Sh500 banknotes.
In a press release dated November 20, 2024, the CBK assured Kenyans that these newly released notes will circulate alongside the existing 2019 series, which remain legal tender.
Key Updates to Kenyan Banknotes
The updated banknotes feature several enhancements aimed at improving security and reflecting current leadership. Here are the main changes:
- Updated Signatures
- The new banknotes bear the signature of CBK Governor Dr. Kamau Thugge.
- They also feature the signature of Dr. Chris Kiptoo, Principal Secretary for the National Treasury.
- Year of Print
- All new banknotes are marked with the year of print: 2024.
- Enhanced Security Threads
- Each denomination includes unique color-changing security threads to bolster anti-counterfeiting measures.
- Retention of Familiar Features
- While introducing new elements, the updated banknotes retain most of the features from the 2019 series, ensuring continuity and ease of recognition for users.
No Urgency to Exchange Old Notes
The CBK has emphasized that the updated notes will coexist with the 2019 series, which continue to be valid for all transactions. This approach ensures a seamless transition and eliminates the need for immediate exchange of older notes.
Enhanced Security to Build Public Confidence
With the addition of advanced color-changing security threads unique to each denomination, the CBK aims to combat counterfeiting and reinforce public trust in Kenya’s currency.
Staying Informed
The CBK encourages Kenyans to familiarize themselves with the updated features of the banknotes, with detailed information available on the CBK’s official website.
This latest update follows the earlier release of the Sh1,000 denomination on August 6, 2024, as part of ongoing efforts to enhance the integrity and security of Kenya’s currency.
Why It Matters
These changes are a step forward in ensuring the safety and reliability of Kenya’s banknotes while reflecting the country’s leadership and advancements in security technology. The CBK continues to prioritize transparency and inclusivity in its monetary updates, providing clarity to the public throughout the transition.
