Zambia: BoZ to Announce Launch Date for New Notes

Photo: UN Photo/Luiz Roberto Lima
Zambia's President Michael Chilufya Sata.

THE Bank of Zambia (BoZ) will by the end of this week be certain on when the new rebased Kwacha notes will be on the market.

BoZ deputy Governor for Operations, Bwalya Ng'andu said this during a media briefing at the on-going 86th Zambia Agriculture and Commercial Show in Lusaka yesterday.

Dr Ng'andu said the two firms selected to print the new Kwacha notes and coins would be engaged in talks over the road map to introduce the revised currency.

Giesecke of Germany and South Africa's Mint Printing Company (MPC) were selected to print the revised notes.

Giesecke was expected to print the notes while MPC was expected to print the coins.

"We will be certain of the day when the new Kwacha notes and coins will be ready by next week, we will be talking to the two firms on the roadmap. We also want to start a nationwide sensitisation campaign on the rebased currency," Dr Ng'andu said.

He said the central bank was yet to hear from the printers when the sample for the rebased Kwacha notes would be ready.

He said the new notes would also have special features that would help avoid counterfeit of the notes.

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