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20 Shillings
| Issuer | Banki Kuu ya Kenya / Central Bank of Kenya |
|---|---|
| Year | 1995 |
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| Composition | Log in to see details |
| Size | 136 × 70 mm |
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| Obverse description | At centre, a front-facing portrait vignette of President Daniel Toroitich Arap Moi is flanked by the national arms; a mountain vignette appears at lower centre and a rose motif at right. The denomination TWENTY SHILLINGS / SHILINGI ISHIRINI is rendered in both English and Swahili, with bilingual issuer inscriptions CENTRAL BANK OF KENYA / BANKI KUU YA KENYA framing the composition. The note bears a facsimile signature of the President and a legal tender declaration for the Board of Directors. |
|---|---|
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| Reverse lettering | 20 |
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| Comments |
Cheserem's appointment as CBK Governor in 1993 came as Kenya was under significant IMF and World Bank pressure over governance reforms — aid had been suspended in 1991, and the central bank itself was implicated in the Goldenberg scandal, a fraudulent gold and diamond export scheme that cost the country an estimated 600 million US dollars. This note circulates from within that turbulent period, signed by a governor brought in partly to restore institutional credibility.
Thomas De La Rue's watermark security on this series was relatively modest for the mid-1990s, and the 20-shilling denomination was later replaced by a coin in 1998.