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Prices in the Kenyan shilling are written in the form of x/y, where x is the amount in shillings, while y is the amount in cents. An equals sign or hyphen represents zero amount. For example, 50 cents is written as "-/50" and 100 shillings as "100/=" or "100/‑". Sometimes the abbreviation KSh is prefixed for distinction. If the amount is ...
The exchange rate of the Kenyan Shilling between 2003 and 2010 averaged about KSh74-78 per US Dollar. [67] The average inflation between 2005 and July 2015 was 8.5%. [68] In July 2015 Kenya's inflation rate was estimated to be 6.62%. [69]
During colonial times (roughly from 1680 to 1990) the respective colonial powers introduced their own currencies to their colonies or produced local versions of their currencies. These included the Somali shilling; the Italian East African lira; and the African franc (in Francophone countries). Many post-colonial governments have retained the ...
A 1933 UK shilling 1956 Elizabeth II UK shilling showing English and Scottish reverses. The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 1960s ...
Furthermore, KSh15 billion will be allocated to the Olkaria Geothermal Development Project, and KSh1 billion will be provided for the production of medical oxygen for various hospitals. The agreements also encompassed humanitarian aid of Kenyan Shilling Sh320 million for those affected by recent El Nino-related floods.
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 ...
Two shilling coin from 1949 1 ⁄ 10 d coins of British West Africa, dated 1936 and 1939. In 1907, aluminium 1 ⁄ 10 d and cupro-nickel 1d coins were introduced. Both coins were holed. In 1908, cupro-nickel replaced aluminium in the 1 ⁄ 10 d and, in 1911, holed, cupro-nickel 1 ⁄ 2 d coins were introduced. In 1913, silver 3d and 6d, 1 ...
Kenyan shilling KES Reserves: US$8.586 billion [2] Preceded by: East African Currency Board ... [11] [12] Members of the board. The current board of directors is as ...