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5 Shillings Plated steel

Issuer Central Bank of Kenya
Year 1994
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Composition Nickel plated steel
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Obverse lettering REPUBLIC OF KENYA 1994 HARAMBEE 5 FIVE SHILLINGS
(Translation: All pull together.)
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Reverse lettering PRESIDENT OF REPUBLIC OF KENYA DANIEL TOROITICH ARAP MOI
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Additional information

Kenya's shift to nickel plated steel for this denomination in the early 1990s was driven by rising base metal costs that made the older cupro-nickel composition increasingly uneconomical to strike. The 1994 date falls within a turbulent period for the Kenyan shilling — structural adjustment programs demanded by the IMF had triggered significant inflation, quietly eroding the real value of the five-shilling piece even as the Central Bank updated its alloy.

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