KES information
About Kenyan Shilling (KES)
The Kenyan Shilling (KES), introduced in 1966, replaced the East African Shilling to become the official currency of Kenya. It is commonly abbreviated as KES and represented by the symbol KSh. This change was a significant milestone in Kenya's journey towards economic independence and sovereignty. The Kenyan Shilling is more than just a medium of financial transaction; it reflects the country's rich cultural heritage, economic challenges, and aspirations.
Historical Background
The adoption of the Kenyan Shilling was a key step in post-colonial Kenya's economic development. It symbolized a break away from the East African Currency Board arrangement and was a crucial part of establishing a separate monetary identity following independence in 1963.
Design and Symbolism
The design of the Kenyan Shilling incorporates elements of Kenya's diverse culture and rich natural heritage. Banknotes and coins feature images of Kenya's founding father, Jomo Kenyatta, and later Mzee Jomo Kenyatta, and other prominent figures, along with various wildlife species, showcasing Kenya's commitment to preserving its natural and cultural heritage.
Economic Role
The Kenyan Shilling is central to Kenya's economy, which is one of the largest and most dynamic in East Africa. The currency facilitates trade in key sectors such as agriculture, tourism, manufacturing, and services. The stability and value of the Shilling are vital for economic growth and the well-being of Kenyan citizens.
Monetary Policy and Inflation
The Central Bank of Kenya manages the Shilling, implementing monetary policies aimed at maintaining currency stability and controlling inflation. These policies are essential for fostering a favorable economic environment and encouraging investment.
The Shilling in International Trade
The Kenyan Shilling's exchange rate is crucial in international trade, especially for Kenya's exports like tea, coffee, and horticultural products. A stable exchange rate is essential for maintaining competitive export prices and attracting foreign investments.
Remittances and Economic Impact
Remittances from Kenyans living abroad, particularly in North America and Europe, are a significant source of foreign income. These funds, exchanged for Shillings, support many families and contribute to the national economy.
UMI to KES conversion rate trend
How to buy Umi Digital
Buy UMI (or USDT) for KES (Kenyan Shilling) offers
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
Sell UMI (or USDT) for KES (Kenyan Shilling) offers
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
What factors influence the conversion rate of Umi Digital to Kenyan Shilling?
Umi Digital to Kenyan Shilling is rising this week.Conversion tables
The exchange rate of Umi Digital is increasing.UMI to KES
KES to UMI
Today vs. 24 hours ago
| Amount | 16:51 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 UMI | $0.{7}5934 | $0.{6}1304 | -53.61% |
| 1 UMI | $0.{6}1187 | $0.{6}2608 | -53.61% |
| 5 UMI | $0.{6}5934 | $0.{5}1304 | -53.61% |
| 10 UMI | $0.{5}1187 | $0.{5}2608 | -53.61% |
| 50 UMI | $0.{5}5934 | $0.{4}1304 | -53.61% |
| 100 UMI | $0.{4}1187 | $0.{4}2608 | -53.61% |
| 500 UMI | $0.{4}5934 | $0.0001304 | -53.61% |
| 1000 UMI | $0.0001187 | $0.0002608 | -53.61% |
Today vs. 1 month ago
| Amount | 16:51 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 UMI | $0.{7}5934 | $0.{7}4678 | +25.66% |
| 1 UMI | $0.{6}1187 | $0.{7}9357 | +25.66% |
| 5 UMI | $0.{6}5934 | $0.{6}4678 | +25.66% |
| 10 UMI | $0.{5}1187 | $0.{6}9357 | +25.66% |
| 50 UMI | $0.{5}5934 | $0.{5}4678 | +25.66% |
| 100 UMI | $0.{4}1187 | $0.{5}9357 | +25.66% |
| 500 UMI | $0.{4}5934 | $0.{4}4678 | +25.66% |
| 1000 UMI | $0.0001187 | $0.{4}9357 | +25.66% |
Today vs. 1 year ago
| Amount | 16:51 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 UMI | $0.{7}5934 | $0.{6}8010 | -92.34% |
| 1 UMI | $0.{6}1187 | $0.{5}1602 | -92.34% |
| 5 UMI | $0.{6}5934 | $0.{5}8010 | -92.34% |
| 10 UMI | $0.{5}1187 | $0.{4}1602 | -92.34% |
| 50 UMI | $0.{5}5934 | $0.{4}8010 | -92.34% |
| 100 UMI | $0.{4}1187 | $0.0001602 | -92.34% |
| 500 UMI | $0.{4}5934 | $0.0008010 | -92.34% |
| 1000 UMI | $0.0001187 | $0.001602 | -92.34% |
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