Bank of Zambia to Introduce New Banknotes on March 31, 2025

1. As it is stated that the value wont be altered, why will you include 10ngwee and 5 ngwees coins since they don’t have any value!? And why introducing such big notes like, K200.00 and K500.00? I don’t see it to BE necessary.

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   • I concur with you, Collins!

     And why no KK image? We ought to show gratitude to our founders, more so that ours had so much gravitas across Africa and the whole world.

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   • These are HH’s ideas. He teamed up with FTJ to remove KK from our currency, Sata brought it back and now HH shows why he campaigned so heavy to become president. To remove KK from our currency

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   • These guys I have now seen do not mean well for this country…K500 notes so that the currency can lean toward nation?

     USA which itself has suffered inflation has not increased denominations from the $100 bill since it’s introduction in that country in 1862!!!!
     Now what kind of economics is at play here? Maybe the economists who promised that the Kwacha would improve to K10 to the USD by 14hrs on 22 August, 2021 can explain this???

     Savings are now completely useless, you said it was the rains! We are having abundant rain which will increase affecting food production and electricity! You bost of $9billion investment but nothing is changing on the ground! We are tired!!! This is not to say PF were better, they were just as bad. God give us good leadership one day, please!!!

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2. KK image really ?? did you live through that era ???
   We need to put Zambia on display and not people
   They have been given road signs which is more than enough
   Tourism Tourism is righly high lighted

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3. Keep on dreaming. we are moving our country, Zambia, forward

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4. OK THATS A GOOD PLAN, BUT WHY INTRODUCING 5 AND 10 NGWE, THESE HAVE NO VALUES, NOW , WHAT CAN ONE BUY FOR 10 NGWE, IAM SURE IT CAN BE BETTER IF U MAINTAIN ONE KWACHA AND ABOVE

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5. Someone whispered that they suspect Edgar Lungu has suitcases of Kwacha so they want to cut off his seemingly endless supply of cash. If it’s true, then this government is wasteful.
   And to introduce a high denomination would be a sign that the Kwacha may devalue further.

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   • Sadly most wont see it for what it is … Bringing illegal cash back into circulation before the elections
     Whilst the 5n and 10n are worthless to us they have to be legal tender so ZRA can extract every Ngwee whilst collecting VAT and other dues

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6. No one can keep money in kwacha either it’s in
   Us dollars or abroad.So that is wrong to think
   People have kept kwacha all these years.let the new currency also appreciate in value.

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   • The Upnd youth leader has even gone further claiming that the PF is printing money. He claims president Hakainde Hichilema has confirmed this… PRESIDENT HICHILEMA DOES NOT SPEAK FROM WITHOUT he adds.

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7. With a K1.50 coin?? What logic is in it. Simple. The value of the Kwacha has drastically reduced.
   That aside, it looks like every new government since KK has to print their own money. With the high inflation rate, this change of currency brigs with it horrific consequences. We are in for it.

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   • @My Zambia…The Zambian Kwacha has remained depreciated for a very long time. From Kaunda’s days. It is a relative situation. In 1989, UNIP government suddenly changed the bank notes catching everyone napping because we all had one only one week to change to new notes. With Indian businessmen keeping cash in ceiling boards, there was panic and drama!

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   • I have noted your advice, Eagle’s Eye. I always respect your civil commentaries.

     KK was supported by copper production. He was even running lots of parastals. He managed to sail through.
     Today there is no copper to show for. We are not collecting enough revenue in taxes from the minerals we sell, some of it raw.
     UPND reasons are purely to incapacitate the opposition while KK aimed at checking Indians who dominated the merchandise business.
     When this money change falls short, Lungu will be scapegoated still.

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8. Should have just dropped a zero off like we did 13 yrs ago, new notes new rate $1 =K3

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9. What do the new coins look like K2, K5?

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10. K1, 2, K5, K10, K20, K50, and K100 are the standardised convenient currency layout world over from China to the USA. Why have we deviated? Apart from inflatio rise, do you think the K500 will be a convenience in the daily physical money transactions? There was nothing to be secretive about introduction of new notes. The money isn’t for UPND’s but Zambians who have a final say. Very unfortunate to have several unilateral decisions.

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    • Just keep your hate for New Dawn Government to yourself. There is need for any Government to have secrets. You are annoyed because those that are keeping millions in their hoses against banking rules are now caught napping. This is not the first time new notes have been introduced. It is surprising now that we are now for the first time getting comments such as yours.

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11. Yes you can change the currency but maintain the notes and let the K200 and K500 never see the light of the day.

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    • Why not have the k200 and k500 notes, who wants to carry a whole bag of cash, buy cooking oil and a bag of breakfast meal and there goes your K500 note, remember its only worth $17.85 !!!

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    • @Mwanawewa.. The currency has not been changed. Its the bank notes that have been changed and BoZ has the mandate to change the features, etc. Besides, it is not the first time this has happened. 1968, 1993 or so, 2000 plus and 2013. The currency is still the Kwacha and Ngwee. Complete dawn

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12. Iwe @ Musumali Liyunga,so you mean people can not have an Opinion,Only your opinions as supporters of the UPND matters now,very shallow minded you chaps are,this country belongs to all Zambians,not only you chaps!

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13. I do not see the reason for much debate about such an administrative exercise. This is really inconsequential to inflation or the exchange rate. The Bank of Zambia was going to print old or new currency anyway. Much fuss about nothing really.

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    • Much fuss about nothing Desparacius when this borders on skyrocketing inflation? Come on be serious and self educate.

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14. We hope the coins won’t be in pure copper or else………..

    The value of the scrap metal will surpass the value of the currency…..

    Suddenly there will be no coins in circulation……

    We are here

    FWD2031

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15. But why 5 in coins

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16. Thanks for introducing new notes of our currency. Some people thought they were clever by hiding stacks and stacks of money in the ukwa bag. Today they are the same people who are complaining and pretending to come up with orchestrated opinions just to express their soar grapes

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17. though it is a good plan to those who steal and keep cash it would be better to bring such as to bring money back into circulation

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18. Why is K500 bank note there on display? Is it in preparation that mealie meal is likely to shoot to K1000 or slightly less?

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19. Already the kwacha is rising because everyone knows that the currency will now be devalued.

    I would strongly advise leadership to remove the K200 and K500 notes from their plans to introduce them.

    Besides the govt should be encouraging cashless transaction and the use of mobile money not these paper monies which will lead to inflation!!! But alas….no one listens and no one cares!!!

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20. Some of these comments are hilarious. Like kids arguing over monopoly money.

21. But whats the reason for introducing new notes

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