The Central Bank of Kenya (CBK) has introduced new banknotes with advanced security features as part of its ongoing efforts to modernize the country’s currency. These updated banknotes are designed to symbolize the drivers of a prosperous Kenya.
One of the key changes to the currency includes the addition of new signatures on the banknotes. The signature of the current CBK Governor, Kamau Thugge, now appears on the notes, replacing the previous one. Additionally, the signature of the Treasury Principal Secretary, Dr. Chris Kiptoo, has been included as he now holds the position of Member of the Board.
The new banknotes will also feature a 2024 print year and a revamped security thread, with color adjustments for each denomination to enhance security. According to a report by The Star, the CBK initially rolled out the updated Ksh1,000 note on August 6, and is now in the process of releasing the Ksh50, Ksh100, Ksh200, and Ksh500 denominations.
The CBK Governor mentioned that a German firm was contracted for the project, emphasizing the company’s expertise and ensuring the high quality and security of the new notes. Customers have been reassured that the old notes will continue to be accepted for transactions, alongside the newly released banknotes.
“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.
Overall, these changes represent a significant step forward in the modernization of Kenya’s currency, with a focus on enhancing security and reflecting the country’s prosperity.
