2 January 2013

Zambia: BOZ Warns Over K100 Note

THE Bank of Zambia (BoZ) has warned the general public to be wary of some crooked people who may want to take advantage of and confuse them about the old K100 and the KR100 banknotes.

The Central Bank said yesterday that the members of the public should take keen interest to recognise the new K100 banknote fully and note the differences with the old one.

"The Bank of Zambia wishes to warn the public that there may be some unscrupulous characters that might want to take advantage and confuse people about the old K100 and new K100 banknotes.

"The public is hereby informed that the old K100 banknote is a low value banknote and is now equivalent 10 Ngwee in the redenominated family of banknotes while the new K100 banknote is equivalent to K100,000 in the current family of banknotes," reads a statement from the BoZ public relations.

The two K100 banknotes are noticeably different in terms of features with the new ones being the highest value banknote with more sophisticated security features.

The new K100 notes are lime-green, with security feature on the front at the bottom left appearing as a head of the fish eagle with feel of roughness.

They have shiny stripes on the front that when tilted shows the baobab tree, coat of arms and denominational value and they are bigger.

Others features are broken thread that shows BoZ 100 and a bird in flight when tilted in light with National Assembly building and full-size standing buffalo at the back.

"Members of the public should take note of these differences and ensure that no one misleads them by confusing the two banknotes.

"Further, the public should report to law enforcement agencies anyone found trying to misuse the old K100 banknote by presenting it as the new K100 banknote," states the BoZ.

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