Description
The shilling is the official currency in Kenya since 1966, when it replaced the East African shilling. The official currency symbol is KSh. The Central Bank of Kenya introduced the first coins in denominations of 5, 10, 25 and 50 cents and 1 and 2 shillings. In 1973, the 5 shillings coins were introduced, followed by 10 shillings in 1994, 20 shillings in 1998 and 40 shillings coin in 2003. in 2018, the Central Bank of Kenya introduced a new coin series in denominations of 1, 5, 10 and 20 shillings.
The 40 Kenyan shillings commemorative coin front design features the bust of Emilio Stanley Mwai Kibaki, who was the third President of Kenya Between 2002 and 2003. The reverse coin design illustrates the National Coat of Arms (consist of two lions holding spears and a traditional East African shield containing the national colors and a rooster holding an axe. At the base, a silhouette of Mount Kenya containing examples of Kenyan agricultural products: coffee, pyrethrum, sisal, tea, corn, and pineapples. The motto: Harambee (pulling together or all for one), the denomination and the issue date. This coin is part of the 2003 commemorative series: “40 Years of Independence”. Its rim is fluted with lettering: “40 Years of Independence”. Its color is silver and gold.
Text: Third President of The Republic of Kenya H.E. Mwai Kibaki, Cgh, Mp., Republic of Kenya, Harambee, Commemorating 40 Years of Independence 1963-2003, Forty Shilling, 40, 1998.