STRAND 1.0: BUSINESS AND MONEY MANAGEMENT
This strand introduces you to the fundamental concepts of business and money management, focusing on the role of money in facilitating economic activities and the importance of ethical practices in its use.
Sub-Strand 1.1: Money
(a) Identifying the Key Features of the Kenyan Currency
The Kenyan Shilling (KES) is the official currency of Kenya. Understanding its features is crucial for recognizing its authenticity and preventing counterfeiting.
Key Features of the Kenyan Currency (Banknotes and Coins):
- Denominations:
- Banknotes: Currently, Kenya has banknotes in the denominations of 50, 100, 200, 500, and 1000 shillings.
- Coins: The circulating coins are in denominations of 1, 5, 10, 20, and 40 shillings. (Note: Older, lower denomination coins may still exist but are less common).
- Security Features (Banknotes): These are designed to prevent forgery and ensure the authenticity of the currency. They can vary slightly between denominations but generally include:
