The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
US dollar bills on background with dynamics of exchange rates in a trading and financial risk concept. [Getty Images]
The words “legal tender for one thousand shillings” on the back of the Sh1,000 banknote means that the currency must be accepted if offered in payment anywhere in Kenya.
However, if you buy cooking oil from a certain local edible oil manufacturer, then you might already have received a memo that weakens the power of your Sh1,000.
Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access