Kenya’s central bank unveils new banknotes with updated features

These new banknotes boast advanced security features and are part of the CBK’s ongoing efforts to modernize Kenya’s currency. The updated banknotes are designed to symbolize the drivers of a prosperous Kenya.

The changes to Kenya’s currency include the addition of new signatures on the banknotes. The signature of the current CBK Governor, Kamau Thugge, will replace the previous one, alongside that of the Treasury Principal Secretary, Dr. Chris Kiptoo, who now holds the position of Member of the Board.

Additionally, the new banknotes will feature a 2024 print year and a revamped security thread, with color adjustments for each denomination to enhance security.

The Star reports that the CBK on August 6, first effected the changes on the Sh1,000 note and has now announced that the release of Ksh50, Ksh100, Ksh200 and Ksh 500 denominations is now in progress.

“We wish to update the public that the release of Sh50, Sh100, Sh200 and Sh500 denominations is now in progress,” a statement from the CBK said.

According to the CBK Governor, a German firm was contracted for the project. Although he failed to name the company, He highlighted the expertise of the company and assured of high quality and security of the new notes.

The bank also reassured customers about the continued acceptability of the old notes for transactions.

“The rest of the features remain the same as those of the series issued in 2019. All banknotes currently in circulation remain legal tender and will circulate alongside the released banknotes.” the CBK added.