BOZ introduces notes with enhanced features

Filed under: Breaking News,Business |

The Bank of Zambia (BOZ) has upgraded security features of kwacha notes from K2 to k100 in an effort to counter rampant counterfeiting of existing original banknotes by criminals both within and outside Zambia.

BOZ governor Denny Kalyalya officially launched the enhanced notes in Lusaka today.

Dr Kalyalya disclosed that a new security feature called sparklive has been incorporated in the figure on the lower right hand side to further shield these banknotes from being counterfeited.

He further indicated that one of the security features will exhibit three overt visual characteristics like color-shift properties, optical brightness and dynamic light effects.

Dr Kalyalya said that a new four-window security thread will replace the hologram on the front of the banknotes with tactile marks for the visually impaired put on both edges of the notes to enhance the sense of touch.

The Central Bank Governor said that the Bank will start circulating the upgraded banknotes in a phased manner, starting the with K2 and K5 denominations in August 2018.

The Bank will not withdraw the existing banknotes until the end of their circulation life meaning that the existing banknotes will co-circulate with the upgraded series and will continue to be honored at full value.


2 Responses to BOZ introduces notes with enhanced features

  1. interesting

    August 1, 2018 at 1:00 pm


    Church for Christ International Overseer Brother Nelson Nzama has said satanism has taken over the Zambian Music Industry.
    And Brother Nelson Nzama has warned the public to be observant of people who put on big dark rings on their fingers.
    Brother Nzama told Zambian Watch in an interview today that most Zambian Artists have developed a troubling behaviour because of the dark forces surrounding them.
    He says the devil has focused his energy in Zambia because people can be cheated easily.
    “I want to warn my fellow citizens in Zambia. This is real. Satanism has taken over in the music industry. Zambian artists are so desperate, They want fast money, they are so desperate for fame such that they join satanism and their behaviour changes. They make bad deals in satanism because they are desperate ” he said.
    “Look and observe closely, Business people, Politicians, Musicians etc have a dark big ring or chain. To many they are saying it is fashion, That is the ring and chain that carries their powers. They are just rich in ordinary people’s eyes, But they are so poor at night and in spirit ” he said.

    Leonard Siamweene
    August 2, 2018 at 5:08 am

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Start: 2019-07-01 End: 2019-07-31