Banknote Production

Zambia Reveals New Banknote Features

The Bank of Zambia revealed the first look at its new banknotes this week, complete with enhanced security features.

The new notes come on the heels of a decision made by the Zambian government in January to rebase the national currency – the kwacha – after an extended period of inflation.

The banknotes will come with heightened security features though the design will still reflect the country’s national symbol – the African fish eagle.

“The fish eagle is said to reflect Zambians’ pride; the excellent vision and swift reaction symbolizes the country’s focus on economic growth and its ability to rise above the country’s challenges. The calmly seated eagle on a branch of a tree represents stability in prices,” the central bank said.

The reverse side of the notes will feature illustrations of various trees found in the forests of Zambia as well as the image of an animal native to the country.

According to an article published by Central Banking, the redenomination of the currency will see the thousand denominations reduced to singular digits. That means 5,000, 10,000, 20,000, and 50,000 notes will be replaced by 5, 10, 20 and 50 kwacha notes.

The new series will also include a 100 note, which – to date – is the largest banknote to be introduced in Zambia.

The bank also said that the new series will include a dozen security features include holographic threads, an iridescent strip and a blink block visible only under ultraviolet light.

Since the entire currency is being redenominated, Zambian coins will also be reissued in a new form – the 1 kwacha, and the lower-valued 50, 10 and 5 ngwee.

The central bank said the new series of notes will officially be released on January 1, 2013.

SOURCE:
Central Banking: “Zambia Unveils New Currency Features”

Discussion

Comments are disallowed for this post.

Comments are closed.

Talking Pulp with Fortress Paper CEO

Fortress Paper CEO on BNN

Creating Currencies

Fortress Paper-Banknote Production Mill

Chad Wasilenkoff of Fortress Paper on BBC

Follow Global Paper Security

Subscribe

Enter your email address:
Google RSS Reader
Yahoo RSS Reader    Entries (RSS)
Translation Tools: