Bank of Zambia to Introduce New Kwacha Banknotes and Coins
By Julius Sakala
The Bank of Zambia (BoZ) will on March 31, 2025, introduce new banknotes for the local currency.
The new currency will see the introduction of 500 and 200 kwacha notes.
The coins will include 5 kwacha, 2 kwacha, and 1 kwacha, as well as 50 ngwee, 10 ngwee, and 5 ngwee.
BoZ Governor Denny Kalyalya says the alpha code for ZMW, the numeric code 967, and the currency symbol K, as well as the value, will remain unchanged.
Dr. Kalyalya has explained that the design of the new currency draws inspiration from the country’s rich heritage, featuring elements that celebrate the unique flora and fauna, and breathtaking waterfalls.
This is according to a statement issued by the Bank of Zambia on their website, monitored by ZNBC News in Lusaka today.
