The official currency of Kenya is the Kenyan Shilling (KES). The currency is commonly represented by the symbol KSh. Coins and banknotes are used for daily transactions across the country.
The banking system in Kenya is well developed and regulated by the Central Bank of Kenya. Major banks in Kenya include Equity Bank, Kenya Commercial Bank, and Co-operative Bank of Kenya.
Kenya is also famous for mobile banking and digital payments, especially through M-Pesa, which allows people to send and receive money using mobile phones. This innovation has made banking services accessible to millions of people.
The banking sector supports trade, investment, savings, and economic growth in Kenya.
