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South African Company TO Mint The New Zambian Coin


THE Bank of Zambia (BoZ) is this week expected to sign a contract with a South African mint company to produce the new coins.
Central bank deputy governor of operations, Bwalya Ng’andu says the new coins are expected to be delivered in December.
In an interview in Lusaka, Dr Ng’andu said a contract has been signed with GNB of Germany to print the new notes but could not give a tentative date as to when the rebased Kwacha notes will be delivered in the country by the producer.
“As soon as we have full agreement with printers, we will be able to provide you with an exact date when the new notes will be launched in the country. I don’t think that it would take a long time,” he said.
He however noted the anticipated challenge e distributing the new currency once the full agreement with the printers is signed.
He said the central bank’s planned time table is to have the new notes distributed before the onset of the rains as it poses some challenge due to poor infrastructure in rural areas.
Dr Ng’andu said the BoZ has in the past few months been holding meetings with members of the business community to sensitive them on the rebased Kwacha.
“We are recruiting a team of mass campaign experts who are not members of the central bank and are expected to sensitive the public on various concerns raised for the next three months,” he said.
The campaign team is expected to provide adequate information to the public on what is happening concerning the new currency.
He also said a special team within the central bank has been tasked to work with commercial banks on technological work that needs to be done as regard to rebasing of the currency.

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Posted by on July 17, 2012. Filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

26 Responses to South African Company TO Mint The New Zambian Coin

  1. Candela

    July 17, 2012 at 12:34 pm

    First one!

  2. The Price

    July 17, 2012 at 12:37 pm

    show us the notes not coins.

  3. nyatu

    July 17, 2012 at 12:42 pm

    zambia zambia

  4. Reumuk

    July 17, 2012 at 1:01 pm

    Eeh pologram..huuh!!

  5. Reumuk

    July 17, 2012 at 1:02 pm

    Eeh pologaramu..huuh!!

  6. Joejudges

    July 17, 2012 at 1:11 pm

    To Hell wit de coins.
    Silu ni Silu even in state House.

  7. RELOADED

    July 17, 2012 at 3:18 pm

    Eya wama na saana…ni down,bless up

  8. Chama Febie

    July 17, 2012 at 3:37 pm

    Candela you are a childish foool,

  9. Tupac

    July 17, 2012 at 7:31 pm

    @joe judges tombawiso chikala wabetole musatanyoko mapuli yobe,ya`min ma`grandad is a psycha?Fack u n`yo mathafackin`we go kill you mathafackerz.Ikabipa kuli ifwe bakelenka kukwebafye ati toloka.Mafinyo mwebatemwa ukulanda pali shikulu nefyo talimo umo nkamucitila sista wakwe mukanwa.

  10. Tupac

    July 17, 2012 at 7:34 pm

    @joe judges tombawiso chikala wabetole musatanyoko mapuli yobe,ya`min ma`grandad is a psycha?Fack u n`yo mathafackin`mama we go kill you mathafackerz.Ikabipa kuli ifwe bakelenka kukwebafye ati toloka.Mafinyo mwebatemwa ukulanda pali shikulu nefyo talimo umo nkamucitila sista wakwe mukanwa.Waba itole lyakuleft ubwipi ngeowavotele chinyo.

  11. Automatic dick

    July 17, 2012 at 8:23 pm

    Is Liato going to manage to sow all the coins ?

  12. Joejudges

    July 17, 2012 at 9:20 pm

    @Tupac.tombanoko aswel.to hell with yo shikulu.wanya ukafwa ulechula chikala cha wiso waba banoko icinyo icha fita.son of a bitch.

  13. Joejudges

    July 17, 2012 at 9:23 pm

    @Tupac.u syphilitic fool.i dnt blame u i blame yo pa & mum.bana bamu vigololo imwe.

  14. Candela

    July 17, 2012 at 10:50 pm

    @chama febie,u foool as wel chikala iwe!

  15. kakolwe

    July 18, 2012 at 5:59 am

    @

  16. Tupac

    July 18, 2012 at 6:45 am

    Nshakacule chikala ine olo teine uleeba instead uleebafye abobe wafita pamputi machende chikala.

  17. Joejudges

    July 18, 2012 at 9:08 am

    @Tupac.ovias naunfwa plane & simple.tawafundwa ku bantu chikala cha wiso.banoko liule ilya cheaper.cheap asshole.

  18. Amuna Onzuna

    July 18, 2012 at 10:23 am

    I cant wait for the new currency, its gonna be good, I think.

  19. Wanyafye Rangers 4 vs Roadmarkings 1

    July 18, 2012 at 11:02 am

    The downside of coins is that the they break your pocket.
    The upside is that coin operated machines like vending machines, fee paying toilets that use coins, pool tables, telephones, will come back and will rule out the owner having to depend on the attendant as to HOW MANY PEOPLE PAID. Bus stations and parkades can also use coin operated booms to charge vehicles.

  20. Ronz.

    July 18, 2012 at 11:43 am

    @Tupac & joe. Namutuka so what ? We hav heard efyo mutukanine. Tanvela but phindu nichina . Muzinkhala che !

  21. class

    July 18, 2012 at 12:57 pm

    insults, insults, insults, you think everyone is interested in your insults???, jst exposing how bad mannered all of you who are insulting are!

  22. Chama Febie

    July 18, 2012 at 3:15 pm

    @Tupac and Joe kwena imwe babili mulifisushi sana,stop insulting

  23. voltron

    July 18, 2012 at 11:44 pm

    zo ona nayikabila iya abababili. TUPAKI na JOE maaaaaaaaa mulibafikala or sorry mulifikali.

  24. geek

    August 6, 2012 at 5:13 pm

    how much are we spending to make this new Money??

  25. The one

    September 8, 2012 at 2:41 pm

    SO

  26. Genie

    September 12, 2012 at 8:46 am

    Mwebantu, when are we ever going to think like our friends in developed countries…..always talking of doing something from outside our country…why can’t we have these people to bring their technology here and do it from here hence creating jobs and do proper accountability of our spending….wake up Zambia