What is the name of the currency used in Kenya? 🔊
The name of the currency used in Kenya is the Kenyan Shilling, abbreviated as KES. The Kenyan Shilling has been the official currency since 1966, replacing the East African shilling. It is subdivided into 100 cents. The Central Bank of Kenya issues and regulates the currency, ensuring stability and integrity in financial transactions. The shilling's value is influenced by various factors, including inflation rates, trade balances, and economic policies. As a key currency in East Africa, it is widely accepted in the region's business and commercial activities.
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