2017-09-08 Fri

Last time we explored the currency system in British East Africa (BEA), its fascinating beginning and gradual evolution of currency.

Today we will discuss the variation and development that came in its monetary system. The monarchy of Great Britain was changing, its effects were also felt in Africa. Around 1943, shilling bank notes with the portrait of King George VI were introduced. The EACB introduced notes of 5, 10, and 20,100 to 10,000 shillings.

In 1947, India attained freedom and all the currency with the phrase REX ET IND: IMP, which meant ‘king and emperor of India’ were omitted. After the coronation of Queen Elizabeth II, new notes with her portraits were issued. Later in 1958, the second series of Banknote was introduced.

Another redesign took place due to the relocation of EACB operations from London to East Africa in 1960. The signatory of the notes was increased from four to seven. In 1964, Kenya attained independence. Hence, a new currency system was introduced.

The new banknotes and denominations like 5, 10, 20 and 100 shillings were circulated depicting the Swahili inscription for the first time. This new denomination was known as Lake Series. This series was the last currency Issue by EACB, before it was dissolved. In 1966, the Central Bank of Kenya introduced its first set of Shilling banknotes with the portrait of Kenya’s first President, Jomo Kenyatta.

Interesting Facts

After the Promulgation of the new constitution in 2010, Portrait cannot be depicted on Kenyan Currency.

To know more of British East African Notes click here