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Kwacha To Have New Features
The Bank of Zambia will by the end of this year introduce banknotes with special marks to help the visually impaired persons to distinguish them.
The special marks will be in the form of slanting lines printed in intaglio or raised ink.
Each denomination will bear a certain number of lines with two Kwacha note having two lines while a five Kwacha note will have three lines.
The ten Kwacha note will have four lines with 20 Kwacha having six lines while 50 Kwacha will have six lines and the biggest denomination will seven lines.
Bank of Zambia Head of Public Relations Kanguya Mayondi has announced the development in an interview with ZNBC News at the on-going Zambia International Trade Fair in Ndola.
Mr. Mayondi says the bank has taken steps to meet the needs of the blind people by including tactile features that denote each denomination in the family of Zambian bank notes.
He says it is the duty of the Central Bank to ensure that no one is de-franchised in accessing the country’s currency.
Mr. Mayondi has also clarified the current notes will remain in circulation and will be trading hand in hand with the notes with special features.
Posted by Kunda
on July 6, 2015. Filed under LATEST NEWS.
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Dollar tree
July 6, 2015 at 7:59 pm
The number of African women being trafficked to Europe for sex work has soared.
IBAZ-IAZ
July 6, 2015 at 10:21 pm
Minister knows that foreign insurance companies in league with foreign insurance brokers are depriving the Zambian insurance brokers and Zambian owned insurance companies of any business from these contractors, mining houses and financial institutions alike. Why are they not bringing in 70% shareholding for Zambians in every insurance and brokering company to stop this rot?
Jony Tony
July 6, 2015 at 8:07 pm
What shall we say? Good move!!
KASALANGA kasasaika
July 6, 2015 at 8:14 pm
Is this development really? it would’ve been warmly welcomed if only it’s aimed at strengthening the kwacha. me thought the blind’re blessed with a sixth sense such that they’re able to differentiate important things such as money…very few if any could’nt be able to distinguish the old banknotes. plz tell us, How much is being spent on such a misplaced undertaking when all and sundly knows that our economy is in tatters?.
IBAZ-IAZ
July 6, 2015 at 10:21 pm
Minister knows that foreign insurance companies in league with foreign insurance brokers are depriving the Zambian insurance brokers and Zambian owned insurance companies of any business from these contractors, mining houses and financial institutions alike. Why are they not bringing in 70% shareholding for Zambians in every insurance and brokering company to stop this rot?
George kalwishanya
July 6, 2015 at 8:25 pm
How many times is kwacha going to be changed? Make up your minds and keep permanent features.
Bervin Chibinga (Icon)
July 6, 2015 at 8:37 pm
In my own view that’s a good move. E.g, blind people & others have it difficult to distinguish the current notes & they feel they are not being considered & only such a one can feel this burden. Yes, kwacha can change as many times as long as there is need to. God bless all Zambians & our neighbours.
Hello Haters
July 6, 2015 at 8:40 pm
Let’s hope the macgyver bandages on our rupia will help in strengthening our kwacha.
the jew
July 6, 2015 at 8:41 pm
We know where this move is leading to. Some one has to watch out/
Judge Joe Bidden
July 6, 2015 at 9:08 pm
Oh so new features will improve its strength and it’s standing on the globe? If you ve run out of ideas seleniko others take control of Zambia. It’s like putting lipstick on a pig – it will still remain a pig.
Vampiro @ ONYX POWER
July 6, 2015 at 9:30 pm
Who said adding features results in strengthening the currency
Judge Joe Bidden
July 6, 2015 at 9:59 pm
Are you aware that printing money costs money? If you do, is this the right time to waste money on goddamn new features why can’t the blind wait till the goddamn economy improves… 😉
Vampiro @ ONYX POWER
July 7, 2015 at 3:17 am
Meanwhile you Wil continue stealing from them. Wait until you become blind also.
cholwe
July 6, 2015 at 9:21 pm
Mhhhhm! Manje apa futi! Awe, the guys wil steal money here. Again inflation wil grow to higher levels, how? Baza printer mahafu yambili futi, yaaaaaaaaaah!!!!
The spartacus
July 6, 2015 at 9:29 pm
Chimbwi no plan mukabikilepo limo no mutwe waba kk not wen he dies u start reprinting.. Sick en tired of nonsense..
Vampiro @ ONYX POWER
July 6, 2015 at 9:32 pm
It’s meant for the visually impaired bafikala.
New Educated Zambia©
July 6, 2015 at 9:34 pm
What is the point when the currency is useless and the economy is in tatters. why cant PF prioritise uplifting people from poverty? Some one wants to gain from procurement of new currency features. we are not fools. Pf are a bunch of thieves.
IBAZ-IAZ
July 6, 2015 at 10:21 pm
Minister knows that foreign insurance companies in league with foreign insurance brokers are depriving the Zambian insurance brokers and Zambian owned insurance companies of any business from these contractors, mining houses and financial institutions alike. Why are they not bringing in 70% shareholding for Zambians in every insurance and brokering company to stop this rot?
Famous idiot!...
July 6, 2015 at 10:26 pm
U idiots why didnt u think of that wen u first started the nonsense of rebasing the currency? Its like putting on a condom but mean while ninshi naupowelamo kale mwabene. Imbushi sha mupamba.
Judge Joe Bidden
July 6, 2015 at 10:41 pm
That’s what we mean by a Govt that lacks vision. Is it really really necessary at this time when our economy is on its knees to think of printing new money? God help us
Vampiro @ ONYX POWER
July 7, 2015 at 3:19 am
Nanga ni ndrama zanyoko
Judge Joe Bidden
July 7, 2015 at 9:40 am
Coming from you aint surprised.
New Educated Zambia©
July 6, 2015 at 10:52 pm
we told you so. ati ifintu ni lungu kiki
The3y3
July 6, 2015 at 11:05 pm
This is just an opportunity for them to print more money for next year’s campaigns, ba funa ku ti valika butter!
tony.com
July 7, 2015 at 6:09 am
Chawama, gud for our brothers and sisters, uushikwete amano alelolesha pali cost let our brothers and sisters be conciderd thank you ba pf.
2mpako
July 7, 2015 at 6:32 am
good governance 4 for the first time our friends have been considered
john jk cc
July 7, 2015 at 8:56 am
Why not working on strethening and stablizing the skyrookting of the kwacha, unlike putting new features on the kwacha.
wanisekesa!!!!!!
July 7, 2015 at 11:06 am
Ati PF A Bunch of Theives Kikikikikik yaba
I like yo comment man And I was Upset u made my Tuesday “New Educated Tuesday”
oildealer
July 7, 2015 at 11:07 am
THE GUYS WHO REBASED OUR CURRENCY FROM OLD TO NEW CAN EASILY BE ACCUSED OF HAVING GOTTEN HUGE KICK BACKS.
FOR HOW DO YOU EXPLAIN THE QUALITY OF OUR REBASED CURRENCY? WITHIN A MONTH OUR NOTES ARE SOILED AND FINISHED! THE SWAZI NOTES CAN LAST 10 YEARS WITHOUT REPLACEMENT AND YET IT IS A POOR COUNTRY.
I DO NOT SUPPORT ANY CHANGE IN NOTES UNLESS THERE IS AN ASSUARANCE THAT IT WILL BE OF HIGH QUALITY AND OUR KWACHA WILL GAIN VALUE.
WITH OUR CURRENT FINISHED NOTES, VERY FEW FOREIGNERS VALUE OUR CURRENCY AND THEY WOULD RATHER CARRY DOLLARS THAN THE SOILED AND FUNNY LOOKING KWACHA
THE DOCILE ZAMBIANS!!!!!!!!
Uncle B.L.G
July 7, 2015 at 11:34 am
The only feature I want to see on the kwacha is for it to feature in all Zambians pockets.
sonita
July 7, 2015 at 12:02 pm
So these dunderheads just realised now that we have blind citizens in zambia??? Somthing fishy indeed
bd
July 7, 2015 at 1:11 pm
They can’t disclose fwonse lonse bane maybe in its current state its easy to make counterfeits have you look at it from that angle you numb skulls..
kck
July 7, 2015 at 1:44 pm
I smell a rat here! Somebody wants to loot big time from this scheme! Watch the space! We are in trouble from these illiterate cadres!
bd
July 7, 2015 at 1:50 pm
Iwee danderhead who told you cadres are responsible for making such decisions? do you even know what a cadre is?
twetwe
July 7, 2015 at 1:58 pm
All those with the idea we are being robbed hands up.. Yes there is something fishy. There is no value addition encripted in this and it costs foreign exchange we are grappling with. I am not insensitive to our visually challenged bros and sis but begs this question..How long has our currency gone (42 odd years) without these features and today some lumberjack with a chain saw wants to rip our already tattered economy to shreds? I see, every job has akalilo. Watch out here comes your value for money!!!!
Kwati like so
July 7, 2015 at 5:09 pm
Sad news ! These pf chaps r very lazy. Mwebakweteko amano sambilisheni abanenu! Nez,famous idiot,jjb,hello haters ichito iyo bane! Have seen crooks law being at center stage . Bakabolala,baletusecha ne chalo chonse n we r watching,others cheering! Wat a pipo !
IBAZ-IAZ
July 7, 2015 at 6:04 pm
PF ministers and President know that foreign insurance companies in league with foreign insurance brokers are depriving Zambian insurance brokers and Zambian owned insurance companies of any business from foreign contractors, mining houses and financial institutions. Why are they not bringing in 70% shareholding for Zambians in every insurance and brokering company to stop this rot? Why are they issuing and renewing permits of Vince Witt of Aon, Anand Sharma of Marsh and so many Zimbabweans, Indians, South Africans and Kenyans working for brokering and insurance companies when so many Zambians with better qualifications and experience are without jobs? These foreigners are conduit for externalising millions of dollars every year overseas. Why the Pensions and Insurance Authority not enforcing compulsory reinsurance with three local reinsurance companies? Why Hollard, Nico and Professional Insurance (90%, 90% and 75% respectively owned by foreigners) are allowed to externalise more than 80% of their fire and engineering business? Why Zambia allows these companies and brokers to provide forex to overseas infestors operating in the guise of insurance companies? Professional Insurance (75% foreign owned), Nico (90% foreign owned) and Hollard (90% foreign owned) are conduits to externalise premiums in millions of dollars (over 30 million dollars was externalised by them in 2014) which rightfully belongs to three reinsurance companies operating in Zambia? Africa Life is another company that is busy externalising millions to South Africa, its holding company without paying any taxes? They have easy and legalised way of using so-called reinsurance mechanism. If they need reinsurance why not reinsure with Zep re, Zam Re and Prima Re? What is Pensions and Insurance Authority doing about it? What is BOZ doing about such huge payments going under their nose?
Zambian for Zambians
July 7, 2015 at 10:00 pm
MD
July 7, 2015 at 6:38 pm
Zambia zambia Where are will going
SHi Ali
July 7, 2015 at 8:53 pm
Was iin de budget,o its jst dat each presido dat cums in,he/she wil hav hs own currency,,,ba pf tym 4 playn arund z long gone,,,n’way ur leader told de entire nation dat he hs no vision nd wat do u xpct?????
Blackout Phiri
July 7, 2015 at 10:47 pm
Let’s rebase it again
ichikulya echikupempula
July 8, 2015 at 2:27 pm
foreign currency found in zed banks n bureaus sh’d oso hv th features if this move is realy 4 gud.