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base info ELLERIUM (NEW)

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ELM
ELM
swap
KES
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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.

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Bitgethot-iconcalculator.compare.best
Sh2.1
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$0
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$69.39886376
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0 ELM

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0.5 ELM
Sh1.05
1 ELM
Sh2.1
5 ELM
Sh10.52
10 ELM
Sh21.04
50 ELM
Sh105.18
100 ELM
Sh210.35
500 ELM
Sh1,051.76
1000 ELM
Sh2,103.51

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0.5KES0.2377  ELM
1KES0.4754  ELM
5KES2.38  ELM
10KES4.75  ELM
50KES23.77  ELM
100KES47.54  ELM
500KES237.7  ELM
1000KES475.4  ELM

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0.5 ELM$0.008162$0.008388
-2.68%
1 ELM$0.01632$0.01678
-2.68%
5 ELM$0.08162$0.08388
-2.68%
10 ELM$0.1632$0.1678
-2.68%
50 ELM$0.8162$0.8388
-2.68%
100 ELM$1.63$1.68
-2.68%
500 ELM$8.16$8.39
-2.68%
1000 ELM$16.32$16.78
-2.68%

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0.5 ELM$0.008162$0.02077
-60.60%
1 ELM$0.01632$0.04155
-60.60%
5 ELM$0.08162$0.2077
-60.60%
10 ELM$0.1632$0.4155
-60.60%
50 ELM$0.8162$2.08
-60.60%
100 ELM$1.63$4.15
-60.60%
500 ELM$8.16$20.77
-60.60%
1000 ELM$16.32$41.55
-60.60%

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0.5 ELM$0.008162$-0.{4}3637
0.00%
1 ELM$0.01632$-0.{4}7273
0.00%
5 ELM$0.08162$-0.0003637
0.00%
10 ELM$0.1632$-0.0007273
0.00%
50 ELM$0.8162$-0.003637
0.00%
100 ELM$1.63$-0.007273
0.00%
500 ELM$8.16$-0.03637
0.00%
1000 ELM$16.32$-0.07273
0.00%

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