20 Shillings

Cheserem's signature appears twice on this note — a quirk of the P#31 series layout that catches collectors off guard the first time they encounter it. He had been appointed CBK Governor in 1993, and this issue coincides almost exactly with his first year in office, during a period of significant IMF pressure on Kenya to liberalize the shilling's exchange rate.

Thomas De La Rue had printed Kenyan currency since independence, and the security thread specification here reflects mid-1990s standards rather than the later windowed thread technology De La Rue introduced elsewhere.