Author Topic: Zambia: New Security Features Introduced in Banknotes  (Read 144 times)

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Offline Bimat

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Zambia: New Security Features Introduced in Banknotes
« on: August 01, 2018, 04:58:00 PM »
Bank of Zambia changes security features of Bank Notes

July 31, 2018

The Bank of Zambia will be issuing into circulation banknotes that have been upgraded with new security features.

The new security features have been included in order to strengthen the security of the banknotes against counterfeiting and for easy verification by members of the public.

Bank of Zambia Governor Dr. Denny Kalyalya has told Journalists in Lusaka ahead of this year’s Agricultural and Commercial Show that the Bank therefore will always take measures that ensures the Zambian banknotes are adequately protected from counterfeiting.

Dr. Kalyalya says this includes continually adopting more advanced security features that safeguard the integrity of the national currency.

He says the same time, the authenticity of the banknotes must be easy to verify.

Dr. Kalyalya has advised that the Bank will start circulating the upgraded banknotes in a phased manner, starting the with K2 and K5 denominations in August 2018.

He says the Bank will not withdraw the existing banknotes until the end of their circulation life.

The Central Bank Governor states that this means that the existing banknotes will co-circulate with the upgraded series and will continue to be honored at full value.

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Source: Lusaka Times
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