Some Kalabo residents have demanded for the inclusion of a one kwacha note on the list of the new kwacha notes and coins.
The residents are opposed to the introduction of a kwacha coin .
This came to light during a three – day mobile sensitization meetings held by officials from the Bank of Zambia on the new Kwacha notes and coins due to be introduced on January 1, 2013.
This was after some residents observed through specimens that the one kwacha would be in coin form and not in note form, hence the demand for all currencies above ninety-nine ngwee to be in note form for easy conversion and convenience.
During the same sensitization campaign , the residents also demanded for mobile ZAMPOST facilities from the 1st of January, 2013 to the 30th of June, 2013 to enable them easily exchange their old currency for the new currency.
They said this could help solve the problem of walking long distances as some people lived in remote areas where it takes them at least four days to walk from Kalabo Boma where ZAMPOST is located .
And the Bank of Zambia officials said they had noted the concerns raised by the residents.
Meanwhile, The Bank of Zambia has sent a team to Namwala District of southern Province to carry out a sensitization campaign on the rebasing of the Zambian Kwacha.
The exercise is aimed at making the people understand the advantages of rebasing and how the rebased currency would work once introduced next year in January 2013.
The three man team is comprised of Kizzy Moonga Assistant Director Procurement, Martin Mwiinga Senior Economist, and Royd Manenga Senior Statistical officer.
The team leader Mr, Moonga said that he is very happy with the response from the Namwala community.
The team has so far done its campaign for rebasing in Namwala central market , kopa compound , baambwe in chief mukobela’s area and in maala in chief mungaila’s area.
The team Is today expected to do its campaign program in Moobola, itapa, muchila in Chief Muchila’s area and chitongo, kabulamwanda and Niko area of Chief Nalumbamba’s area.
ZANIS
That’s the way to go people of Zambia. Your input is very much appreciated so that we are not left behind about what the Central Bank is doing. At least you are not all that ignorant.
Such things are not done because the people want them. The bank should know the rate of inflation and from that can determine certain things about the durability of the notes. The K1 notes would wear out quickly. That is why it has decided to have K1 coins. The K2 notes wont stay forever…Very soon they will become notes if inflation remains high.
i think the coins should have started from K2 going down it would be usefull in future even for coin operated machines etc
Sure makes you wonder what these chaps are thinking? The public are right for instance if I bought goods to the value of nineteen kwacha and I only had a k20 note how will the shop give me change of k1 when it doesn’t exist. Come boz wake up.
Eh ba wishi, where are you from?????????????
The issue above is proposing that the one kwacha should not be in coin form, the people want money beyong 99ngwee to in note form.
the K1 will exist though in coin form. So if you bought goods for K19.00 from K20.00, you will get K1.00 change. Your change will be a coin. Please read the article before putting pen to paper. Muti sebanya.
also wonder why the government is excluding k 1 when $ 1 exist!…
The one kwacha is their mwe bantu but it is in coin, and people want it to be in note form.
As usual, Zambians expressing your IGNORANCE and DULLNESS… They plan on making K1 a coin… the advantages of coins are that they do not wear out easily like paper notes, therefore saving money on constantly reprinting new notes. Â With the knock-on effect of saving you, the DULL taxpayer money. Â Sometimes I am really ashamed to be Zambian. Â smh
Last time i visited i found people using K100 notes as “shindapaper” what will become of K1 notes?
When is Barotse money coming?
Stop it man!
Barotseland mupu currency is already in circulation in the Capital City of Barotseland, Mongu.
Hi, just wanted to say i liked this article. it was practical. keep on posting.