BOZ appeals to people in Western Province to accept new currency
Nalolo constituency councillors listens attentively during the Kwacha rebasing sensitisation workshop
The Bank of Zambia officials have appealed to the people in Western province to accept using the new rebased currency as it is the legal tender in the country.
Bank of Zambia Investigations Officer and team leader Maeke Njunju said this in an interview with Zambia News and Information Services (ZANIS) in Kaoma district yesterday.
Mr Njunju who is on the tour of Western to assess the impact of the rebased currency both the notes and the coins on the financial bodies and the marketers in all the districts of the province said the majority of the people were acknowledging the new currency which is in circulation at the moment.
He said people should ensure that they utilized the remaining time before June 30, this year when the outgoing currency ceases to be a legal tender in the country so that come July 01, 2013 everyone in the country is conversant with the new rebased currency.
Mr Njunju said people should ensure that they continue exchanging their old monies in the ZAMPOST and NATSAVE Bank and other banks which are partners of the Bank of Zambia in ensuring that every citizen accessed the new rebased currency.
He said that the exchange of the old currency with the new rebased currency will continue up to December 31, 2015 adding that after 2015 no one would be allowed to exchange the old currency with the new rebased currency in the country.
And Kaoma District Marketers’ Association Chairman, Ngangula Njamba has called on the Bank of Zambia to speed up the process of producing more coins as there are not seen in circulation in the district.
Mr Njamba said that the only currency which is readily available in Kaoma was the new rebased notes not the coins adding that people will face challenges especially when the old lower notes will not be allowed after June 30, 2013 for people to buy goods and services.
He however complained that the new rebased notes especially K2, K5, and K10 notes respectively fades faster and that there is need to ensure more of the coins were produced in numbers as they are more durable as compared to the paper notes.
Mr Njamba also complained that if coins are not introduced quickly into circulation people in the rural areas will find difficulties in using the new coins for buying goods and services adding that coins such as the five, ten, fifty and the one kwacha were not found on the market.
ZANIS
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The only constant is change. If societies want to progress they must recognize this simple fact. Continuous improvement and innovation is what fuels progress…
I am sure you just read the misleading heading and took bait and line.
#1 Kalok, who said that sentence was it Carl Sagan?
Anyway, you misunderstand the situation, Lozi’s can trust this change. You know those tribes are so difficulty to accept even their own names.
Too bad if they are still resisting.
They will achieve nothing by their selfishness and immature behaviour
They will have themselves to blame come 1st July 2013
No, I did not misunderstand the headline neither did I misunderstand the content. That is why my comment is not specific to any “tribe” but generic in nature. I am aware that there is an appeal from a BoZ official who also seemingly admits that the introduction of the new currency is slow in that area of the country… It still stands that the only constant is change…
Wrong heading!
Very misleading indeed… Was coming here geared to laugh at the ignorance of my tribal cousins, the Lozis, but my bubble’s been burst.
There are always behind. But when they change, they change for good. Ifi ma Lozi, bufontini!
@Chikake,
You seem to have a deep rooted hatred for the Lozi people, how have they offended you? By the way, what tribal grouping do you belong to?
There is absolutely no need to insult an entire tribe. Let us have respect for one another. I have been to countries where tribe has risen against tribe and the consequences are nasty to say the least. This idea of people insulting other tribes should be discouraged even if you are hiding behind you PC. Please STOP these tribal hate speeches. LT, maybe you should consider vetting some comments especially those that border on tribal insults. For the sake of Zambia.
“…he new rebased notes especially K2, K5, and K10 notes respectively fades faster…”
CAN’T ZAMBIA’S AUTHORITIES BE LIKE BOTSWANA’S. I MEAN WHY CAN’T ZAMBIA HAVE HIGH QUALITY MATERIAL USED FOR PRINTING THE ZAMBIAN KWACHA LIKE THE TSWANA’S PULA? SURELY, EVERYTHING’S POOR QUALITY IN ZAMBIA. DO WE HAVE STANDARDS BODY IN ZAMBIA? IF WE DO, DO THEY REALLY HAVE TEETH OR ARE THEY ALSO CORRUPT AS ANY? THESE ARE NOT THE ONLY PEOPLE TO COMPLAIN ABOUT THE QUALITY OF THE KWACHAS’ MATERIAL. BANK OF ZAMBIA- ARE THEY JUST ANOTHER BUNCH OF THIEVES?
Indeed. I remember the Kwacha in the time of KK. That Kwacha never faded at all. It coyld get dark with dirt after years of handling and being put in sweaty bras, but it never faded. Why can’t our succeeding governments use the same material, or the same printers? Thomas De La Rue stands the test of time.
Useless kwacha Allow the Barosteland money, it is much more strong.
We need notes as strong as the AUSTRALIAN NOTES. Please Bank of Zambia Check how Australian Notes endure, and too difficult to counterfeit too.
Not even Australian notes. The old Zambian notes during Kaunda’s time never faded.
US dollar is easier to find in katondo street, not Australian kangaros.
Whats the problem in this country sure, everything is Gonga! Those rebased money, especialy kr 5 are Gongz
wrong heading do not mislead readers lusaka times
Chi LT , you must behave. Why putting up a misleading heading? LT sometimes you behave so childishly like Watcimbwa…shame on you LT. Shaaa.
For the easily fading notes, I ask the BOZ to also behave, Why printing the money using a very poor paper? Did you BOZ steal the money for printing ? Behave and give Zambians good and stronger notes.
Peace and Prosperity to Mother Zambia.
The headline is misplaced , these they did not refuse the new currency. Why misleading us with this headline.