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Money
Currency: Kenyan Shilling (KSh) = 100 cents. Notes are in denominations of KSh1000, 500, 200, 100 and 50. Coins are in denominations of KSh20, 10, 5 and 1.
Currency exchange: Currency can be exchanged at the major banks. There are over 140 ATMs. Barclays has the largest network, with more than 65 ATMs located in Nairobi and Mombasa and all other major towns. Standard Chartered Bank’s computerised network allows access to 62 ATMs countrywide. International visitors with Visa cards can access their own bank or credit card account through any Standard Chartered dispenser, 24 hours a day.
Credit & debit cards: MasterCard, American Express, Diners Club and Visa are all widely accepted. Major hotels now also accept payment by credit card. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: These can be changed at banks. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.
Currency restrictions: There is no restriction on the import and export of local or foreign currency. However, documentation stating the source and purpose of the currency is required for amounts equivalent to US$5000 and above.
Exchange rate indicators
The following figures are included as a guide to the movements of the Kenyan Shilling against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 114.18 | 119.58 | 125.96 | 121.65 | | $1.00= | 78.35 | 78.63 | 79.65 | 76.40 |
Banking hours: Mon-Fri 0900-1500; 0900-1100 on the first and last Saturday of each month. National and international banks have branches in Mombasa, Nairobi, Kisumu, Thika, Eldoret, Kericho, Nyeri and in most other major towns. Banks in Mombasa and the coastal areas open and close half an hour earlier. Many of the banks and bureaux de change at the international airports open 24 hours every day.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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