What is ‘KES’
The currency abbreviation or currency symbol for the Kenyan shilling (KES), the currency for Kenya. The Kenyan shilling is made up of 100 cents and is often presented with the symbol (KSh). The Kenyan shilling is the strongest and most stable shilling in east Africa and is often used in unstable regions of Sudan and Somalia instead of local currencies.
Explaining ‘KES’
The Kenyan shilling was first seen replacing the East African shilling in 1966 in both coin and bill form. Many notes have since been replaced by coins, and larger denominations of bills have been put into circulation. A new set of bills was launched in 2003 to celebrate 40 years of Kenyan independence.
Further Reading
- Economic profitability of Nile tilapia ( – onlinelibrary.wiley.com [PDF]
- Modeling USD/KES exchange rate volatility using GARCH models – ir.mksu.ac.ke [PDF]
- Effects Of The Exchange Rate Volatility On The Financial Performance Of Commercial Banks In Kenya – erepository.uonbi.ac.ke [PDF]
- The Effect Of Macro Economic Variables On Stock Market Return At The Nairobi Securities Exchange – erepository.uonbi.ac.ke [PDF]
- Response strategies to changes in the economic environment by the co-operative bank of Kenya limited – erepository.uonbi.ac.ke [PDF]
- The Bitcoin mirage: An oasis of financial remittance – papers.ssrn.com [PDF]
- Effect of terrorism on demand for tourism in Kenya – journals.sagepub.com [PDF]
