By ZR Reporter
The Bank of Zambia (BoZ) is set to launch a K500 banknote and a K5 coin on 31st next month.
BoZ Governor Denny Kalyalya has announced in a statement today that the Central Bank is also launching a K200 banknote among others.
He said alpha code (ZMW), the numeric code (967), and the currency symbol (K) will remain unchanged, as will be the value.
“Pursuant to Section 17(1) of the BoZ Act, 2022, the Bank of Zambia is pleased to announce the introduction of a new family of the Zambian currency. The new family of banknotes and coins will consist of six banknotes (K500, K200, K100, K50, K20, and K10) and six coins (K5, K2, K1, 50N, 10N, and 5N). These will be launched on March 31, 2025,” he said.
“The alpha code (ZMW), the numeric code (967), and the currency symbol (K) will remain unchanged, as will be the value. The design of the new currency draws inspiration from the country’s rich heritage, featuring elements that celebrate our unique flora and fauna, and breathtaking waterfalls. By incorporating these elements, the new currency not only honours our cultural heritage, but also strengthens its role as a symbol of pride and unity for all Zambian citizens, as exemplified by our national motto, One Zambia, One Nation.”