Showing posts with label denominations. Show all posts
Showing posts with label denominations. Show all posts

04 June 2019

Kenya introduces new banknotes!

The Central Bank of Kenya (CBK) has unveiled the new generation banknotes during the Madaraka Day celebrations in Nairobi on 01 June 2019. The new notes have a unique theme and security features and have various images – 50 shillings, Green Energy; 100 shillings, Agriculture; 200 shilling, Social Services; 500 shillings, Tourism; 1,000 shillings, Governance – and are easy to use by the visually impaired. New banknotes are to be brought in Kenya over the coming months with other denominations being phased out gradually. The old Sh1000-note will be withdrawn effective 01 October 2019 when they will cease to be legal tender.

11 February 2019

Rwanda introduced new banknotes!

The National Bank of Rwanda released a new series of FRW 500 and FRW 1000 banknotes in Rwanda today. The FRW 500 banknote is brown in color, different from the current blue, while the FRW 1000 banknote retains its blue color. Both denominations were redesigned with enhanced security features to beat counterfeiters. The old banknotes were worn out but will continue to be used alongside the new ones for the next three years until the old notes are out of circulation.