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On 14 September 1966, the Kenyan shilling replaced the East African shilling at par, although the latter was not demonetised until 1969. The Central Bank of Kenya issued notes in denominations of 5/=, 10/=, 20/=, 50/= and 100/=. All of the notes feature a portrait of Kenya's first prime minister and president, Jomo Kenyatta, on the front and ...
The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...
Mobile Money is a mobile payments system based on accounts held by a mobile operator and accessible from subscribers' mobile phones. The conversion of cash into electronic value (and vice versa) happens at retail stores (or agents).
Shilling. East African shilling – Kenya, Somalia, Tanzania and Uganda; Kenyan shilling – Kenya; Somali shilling – Somalia; Somaliland shilling – Somaliland; Tanzanian shilling – Tanzania; Ugandan shilling – Uganda; Skender – Korçë; Sol – Peru. Sol de oro – Peru; Soum. Kyrgyz som (Сом) – Kyrgyzstan; Uzbek soum (Сўм ...
The East African shilling was the sterling unit of account in British-controlled areas of East Africa from 1921 until 1969. [2] It was issued by the East African Currency Board. It is also the proposed name for a common currency that the East African Community plans to introduce. The shilling was divided into 100 cents, and twenty shillings ...
Somali shilling: Sh or Shs (pl.) SOS Cent: 100 Somaliland: Somaliland shilling: Sh or Shs (pl.) (none) Cent: 100 South Africa: South African rand: R ZAR Cent: 100 South Ossetia: Russian ruble ₽ RUB Kopeck: 100 South Sudan: South Sudanese pound: SS£ SSP Piaster: 100 Spain: Euro € EUR Cent: 100 Sri Lanka: Sri Lankan rupee: Re or Rs (pl.) LKR ...
Tanzanian shilling: Bank of Tanzania Tunisia: Tunisian dinar: Central Bank of Tunisia Uganda: Ugandan shilling: Bank of Uganda Zambia: Zambian kwacha: Bank of Zambia Zimbabwe: Various (including South African rand, Botswana pula, pound sterling, Indian rupee, euro, Japanese yen, Australian dollar, United States dollar and the Chinese yuan)
eNaira is a Central bank digital currency issued and regulated by the Central Bank of Nigeria. [1] It was the first of its type in Africa. [2] Denominated in naira, the eNaira serves as both a medium of exchange and a store of value and claims to offer better payment prospects in retail transactions when compared to cash.
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