Bank of Zambia to Launch New Kwacha Banknotes on March 31
The Bank of Zambia will introduce a new family of Kwacha banknotes on Monday, March 31, making them immediately legal tender while beginning the gradual phase-out of the existing designs.
The new series includes the 500, 200, 50, 20, and 10 Kwacha notes, featuring:
- Enhanced durability for longer circulation life.
- Improved accessibility for the visually impaired.
- National symbols celebrating Zambia’s heritage, including Victoria Falls and the African Buffalo.
According to Kagolis Mwamulowe, Director of the National Heritage Conservation Commission, the new notes highlight Zambia’s unique natural heritage, including its diverse flora and fauna.
Leonard Mwanza, CEO of the Bankers’ Association of Zambia, reassured the public that banks and ATMs are fully prepared for the rollout, ensuring a seamless transition with minimal disruption for consumers.
The introduction of these redesigned banknotes reflects Zambia’s commitment to modernizing its currency while preserving its cultural and natural identity.
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