03/06/2016
-DID YOU KNOW?
It's a good idea to bring US dollars, but be sure to check the series' year.The national currency is the Kenya shilling (Ksh or KES). Each shilling is divided into 100 cents. Exchange rates are CURRENTLY around 99-100 shillings to 1 US dollar,
Many travellers choose not to exchange currency, but to withdraw local money from ATMs. However it is advisable to carry some cash in case you don't find an ATM or your card is not accepted. The best rates are usually found at forex bureaus in the city center. You can also change money in Banks and in some hotels.
The main banks in Kenya are Kenya Commercial Bank (KCB), Barclays Bank Kenya and Standard Chartered Bank Kenya. The first two have Visa and Mastercard services. Opening times vary, but you should find any branch open on weekdays from 8.30 a.m. to 4.00p.m and in big Shopping Malls until 6.00pm,On Saturday 8.30 am until Midday.
Dollar notes older than series 2004 are not accepted in Kenya. At least if you are travelling on your own, it is a good idea to bring US dollars, preferably 50 dollar notes and 100 dollar bills. Smaller bills e.g 1,5,10,20 are exchanged for less the current exchange amount Entry fees to parks and reserves should be paid in US dollars by foreigners. If you ask for a conversion to shillings, you will lose money.
Bear in mind the following IMPORTANT WARNING: US dollar notes with series older than the year 2004 are NOT accepted at forex bureaus or park gates. Apparently the reason is that the Bank of Kenya does not accept them because of counterfeiting.
It is advisable not to rely solely on your credit card. Cards are widely accepted, especially Visa, but in many places there are no 'point of sale' telephone terminals.
If one acquires a local sim card they can register for Mpesa and use this for payment as it is widely accepted in Kenya. Mpesa is mobile banking where one uses their phones to pay for goods and services, send money to another party, buy airtime for ones phone, amongst many other uses.
SOURCE OF MOST INFORMATION ( http://www.kenyalogy.com/eng/info/datos65.html) and Mdawida Homestay Page.