PKR to KES

PKR - Pakistani Rupee (Rs)
KES - Kenyan Shilling (Ksh)
1 PKR1 KES

Currency conversion rates from PKR to KES

PKRKES
1 PKR1 KES
5 PKR5 KES
10 PKR10 KES
20 PKR20 KES
50 PKR50 KES
100 PKR100 KES
250 PKR250 KES
500 PKR500 KES
1000 PKR1000 KES
2000 PKR2000 KES
5000 PKR5000 KES
10000 PKR10000 KES
KESPKR
1 KES1 PKR
5 KES5 PKR
10 KES10 PKR
20 KES20 PKR
50 KES50 PKR
100 KES100 PKR
250 KES250 PKR
500 KES500 PKR
1000 KES1000 PKR
2000 KES2000 PKR
5000 KES5000 PKR
10000 KES10000 PKR

KES - Kenyan Shilling (Ksh)

Kenyan Shilling

The Kenyan Shilling is the official currency of Kenya, an East African nation that lies on the equator, with the Indian Ocean to its south-east. It is bordered by Tanzania to the south, Uganda to the west, South Sudan to the north-west, Ethiopia to the north, and Somalia to the north-east.

The Kenyan Shilling is the currency in Kenya (KE, KEN). The symbol for KES can be written K Sh. The Kenyan Shilling is divided into 100 cents. The exchange rate for the Kenyan Shilling was last updated on May 24, 2019 from Yahoo Finance. The KES conversion factor has 5 significant digits.

Economy

  • Kenya has traditionally been a liberal market with minimal government involvement (such as price controls) in the oil industry. However, recent legislation allows the government to establish price controls for staples such as maize flour, kerosene, and cooking oil.
  • Since May 2010, the economic outlook has been positive, with 4-5% GDP growth expected due to the expansion of tourism, telecommunications, transportation, and construction, as well as a recovery in the agriculture sector.
  • The World Bank predicts 4% growth in 2010 and potential growth of 4.9% in 2011.
  • In March, 1996 the presidents of Kenya, Tanzania, and Uganda re-established the East African Community (EAC). The objectives of the EAC include harmonizing tariffs and customs regulations, free movement of people, and improvement of regional infrastructures.
  • In March 2004, the three East African countries signed a customs union.

History

  • In 1966, the Kenyan Shilling replaced the East African Shilling at par. The first coins were issued that year in denominations of 5, 10, 25, and 50 cents and 1 and 2 shillings.
  • Twenty-five cents coins were minted after 1969, and 2-shilling coins in 1971.
  • In 1985, 5-shilling coins were introduced, followed by 10-shilling coins in 1994 and 20-shilling coins in 1998.
  • Between 1967 and 1978, the portrait of Jomo Kenyatta, Kenya's first president, appeared on the front of the currency.
  • From 1980 to 2005, a portrait of Daniel arap Moi replaced Kenyatta.
  • In 2005 the central bank introduced a number of new coins that restored the portrait of Kenyatta. The stainless steel coins are valued at 50 cents and 1 shilling and the bimetallic coins at 5, 10, and 20 shillings.
  • In 2003, a bi-metallic 40-shilling coin was issued with the portrait of President Kibaki to commemorate the fortieth anniversary of independence (1963-2003).
  • New coins with the image of Kenyatta were minted in 2005.

More information about KES - Kenyan Shilling (Ksh)


PKR - Pakistani Rupee ()

The Pakistani rupee is the currency of Pakistan. The currency code for the rupee is PKR, and it’s written as ‘Rs’ or روپیہ in Urdu. In Pakistan, the rupee is also sometimes spelled ‘rupees’, ‘rupaya’, ‘rupaye’, or ‘rupiyah’. The modern Pakistani rupee was put into circulation following the dissolution of the British Raj in 1947. It is a fiat currency.

The Rupee is the official currency of Pakistan. The currency is managed by the Bank of Pakistan, the main financial institution of the nation.

The Pakistan Rupee is the currency in Pakistan (PK, PAK). The symbol for PKR can be written Rs. The Pakistan Rupee is divided into 100 paisa. The exchange rate for the Pakistan Rupee was last updated on January 31, 2019 from The International Monetary Fund. The PKR conversion factor has 6 significant digits.

Economy

  • The economy of Pakistan has endured decades of domestic political feuds, a fast-growing population, varying levels of overseas investment, and an expensive, ongoing border dispute with India.
  • Significant macroeconomic amendments beginning in 2000, in particular privatizing the banking sector, have helped the economy.
  • In 2005, the World Bank named Pakistan the top reformer in its area and among the top 20 reformers globally.
  • The central financial institution is trying to tighten money policy while still encouraging growth.
  • Recurring international worker remittances are helping to build foreign exchange reserves, however the country faces a growing current account deficit due to the high reliance on imports. The increasing trade deficit could draw down these reserves and slow GDP growth in the near future.

History

  • The word Rupee is from the Sanskrit word rup or rupa, which means silver in most Indo-Aryan dialects.
  • The Pakistani Rupee was put into circulation in 1947, after the nation became independent from British Rule.
  • For some time after independence, Pakistan used Indian cash and banknotes with Pakistan stamped on them.
  • The current cash and banknotes were issued beginning in 1948. (Seems to contradict the second bullet.)
  • Similar to the Indian Rupee, the Pakistan Rupee was originally divided into sixteen annas, each composed of four pice or 12 pie.
  • The Pakistan Rupee was decimalized on January 1, 1961 and partitioned into a hundred pice; the name was changed to pais later the same year.

More information about PKR - Pakistani Rupee ()