The Bank of Zambia (BoZ) has announced that it will introduce new banknotes for the local currency on March 31, 2025.
The updated currency will include the introduction of 500 and 200 kwacha notes. Additionally, new coins will be issued in denominations of 5 kwacha, 2 kwacha, and 1 kwacha, along with smaller units of 50 ngwee, 10 ngwee, and 5 ngwee.
BoZ Governor Denny Kalyalya confirmed that while the new currency will feature updated designs, the fundamental elements will remain unchanged. The alpha code for the Zambian kwacha (ZMW), the numeric code 967, the currency symbol K, and the value of the currency will not be altered.
Dr. Kalyalya emphasized that the new currency design is inspired by Zambia’s rich heritage, incorporating elements that celebrate the nation’s unique flora, fauna, and breathtaking waterfalls.
The introduction of these new banknotes and coins is expected to enhance the security and efficiency of Zambia’s monetary system while reflecting the country’s cultural and natural beauty.
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.
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.
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
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
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.
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
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.
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.