August 27, 2019
In 2002, Kenya’s third president, Mwai Kibaki, was elected into office. The following year, we marked our 40th independence anniversary, and a new commemorative and circulation […]
August 26, 2019
Since the creation of money, the ability to move it from one point to another has been a fundamental cornerstone of economic activity. In 2006, Kenya […]
August 23, 2019
In March of 1966 the Central Bank of Kenya was established. The East African Currency Board was relieved of its currency management duties and CBK took […]
August 22, 2019
In the early 1920s, the British East Africa Protectorate was annexed as the Colony of Kenya and the Shilling became the legal tender of the area. […]
August 21, 2019
The story of currency cannot be told without discussing the history of taxation in Kenya. Long before colonization, land was communally owned. All members shared in […]
August 20, 2019
Before the Maria Theresa Thaler’s minting in Austria, Lydians, Chinese and ancient Indians were the earliest issuers of coins in the world. India’s first coins were […]
August 19, 2019
Before a monetary system was introduced barter trade thrived. The process of exchanging goods for goods or services was facilitated by the lack of a common […]