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You are on country pages. Guardian® bank notes |
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| Zambia | ||
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Country overview |
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Polymer overview |
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General information |
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New polymer notes in Zambia
CBN press release: Canadian Bank Note Company, Limited to produce first polymer bank notes in Africa
New currency intruduction: frequently asked questions and answers Newspaper article: BoZ to save K17bn from plastic bank notes Newspaper article: Plastic bank notes—Zambia leads the way
Problems with the initial release of polymer notes
First polymer bank notes have been issued on 26.09.03, but withdrawn on the next day. The reason behind the withdrawal has been defective printing of serial numbers (serial numbers were rubbing off because they had not been left enough time to dry). It could be understood from the Bank of Zambia's statements that only up to 9,000 (probably between 6,000 and 7,000) pieces of defective notes have been issued. Serial number ranges are not known and it is thus not possible to identify the faulty bank notes that remained in the circulation.
BoZ press release: Press statement on the new K1,000 and K500 polymer notes BoZ press release: K1,000 polymer notes now in circulation BoZ Governor's quarterly media briefing: Currency restructuring CBN press release: Press statement on the new K1,000 and K500 polymer notes Newspaper article: Zambia recalls plastic bank notes Newspaper article: Africa's first polymer bank notes to remain in circulation Newspaper article: BoZ receives Australian report on fading notes Newspaper article: Canadian firm to reprint polymer notes Newspaper article: Fading polymer notes to be replaced Newspaper article: Polymer saga: the truth should be told!
It is important to point out that the error has been corrected by CBN and it did not affect subsequent deliveries of polymer notes. K500 notes have been re-issued on 03.11.03, and K1,000 notes on 10.11.03.
Changes for the 2004 issue (issued in 2005)
The 2003 issue of polymer notes was showing signs of accelerated wear or "fading". It has been established that the problem were some of the inks used for the 2003 issue. Those inks that were wearing more quickly than expected have been changed for the 2004 issue (issued in 2005) to a specification used by the Bank of Mexico for their 20 Pesos polymer bank notes.
BoZ press release: Press statement on the upgraded polymer notes CBN press release: Canadian Bank Note Company Limited Statement
Standard features on Zambian bank notes
The Fish Eagle is the main
feature or primary recognition feature on all Zambian bank notes. The Fish
Eagle reflects Zambia’s Pride; the bird’s excellent vision and swift
reaction symbolises the country’s focus on economic growth and its ability
to rise above all the country’s challenges. The calmly seated Fish Eagle
represents stability in prices.
A dove is printed
in lithography and in iridescent on the front side of selected notes.
The Freedom Statue is printed on the back of each note. This represents Zambia's struggle to freedom in the pre-colonial days and is a tribute to the fallen heroes.
Other
Newspaper article: People mutilating polymer bank notes, says BoZ |
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Bank notes |
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S1R1 issued on 26.09.03, withdrawn on 27.09.03 (for reasons see General information / Additional information above), and re-issued on 03.11.03.
There are significant differences between the 2003 and 2004-dated issue. Certain text colours have been completely changed and additional features have been added on the 2004-dated issue to reduce wear.
Replacement notes have an alphanumeric symbol X3 (e.g., DA/X3) instead of a numeric symbol 03 as a serial number prefix denominator.
Zambia, 500 Kwacha, issued in 2003.
Dove, a symbol of peace, in flight in the clear window.
Front: Fish eagle, the main feature of all Zambian bank
notes, at right. The Fish Eagle reflects Zambia’s Pride; the bird’s
excellent vision and swift reaction symbolize the country’s focus on
economic growth and its ability to rise above all challenges; the calmly
seated fish eagle represents stability in prices. Baobab tree in centre.
Baobabs can grow up to 25 meters tall and live for several thousands
years. Zambian Coat of Arms at bottom left.
Back:
The Freedom Statue at right. Cotton picking in centre. A large-eared
African elephant at left. |
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S2R1 issued on 26.09.03, withdrawn on 27.09.03 (for reasons see General information / Additional information above), and re-issued on 10.11.03.
There are significant differences between the 2003 and 2004-dated issue. Certain text colours have been completely changed and additional features have been added on the 2004-dated issue to reduce wear.
Replacement notes have an alphanumeric symbol X3 (e.g., EA/X3) instead of a numeric symbol 03 as a serial number prefix denominator.
Zambia, 1,000 Kwacha, issued in 2003. Dove in flight in
the clear window. Front: Fish eagle at right. Jacaranda
tree in centre. Zambian Coat of Arms at bottom left. Back:
The Freedom Statue (or the Chain Breaker), printed on the back of each
Zambian bank note, at right; erected in Lusaka, it represents
Zambia's struggle to freedom in the pre-colonial days and is a tribute
to the fallen heroes. The currency’s name, Kwacha, means ‘dawn’ in the
Chibemba language, signifying the dawn of freedom. Sorghum farming in
centre. Aardvark’s head at left. Aardvark is a large nocturnal mammal of
sub-Saharan Africa; it feeds especially on termites and ants. |
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