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Monday, April 6, 2020

Bank of Zambia changes security features of Bank Notes

Economy Bank of Zambia changes security features of Bank Notes

Bank of Zambia Governor, Dr Denny Kalyalya addressing the media and the Monetary Policy Committee members on the quarterly monetary report at BOZ office.

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.

The Bank has upgraded the Zambian banknotes as follows:

I. K 20, K 50 and K 100 denominations

a) 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. This security feature will exhibit three overt visual characteristics i.e. color- shift properties, optical brightness and dynamic light effects.

b) A 5 mm optically visible four window security thread with micro optical dynamic effects has replaced the hologram on the three denominations.

c) The ‘birds in flight’ feature has shifted from the right edge of the back of the banknote to the left edge

d) “The tactile mark” for the visually impaired have now been put on both edges of the banknotes to enhance tactility or the feel effect.

II. K 10 denomination

a) A new four-window security thread will replace the hologram on the front of the banknote.
b) Tactile marks for the visually impaired have been put on both edges of the banknote to enhance tactility.

III. K 2 and K 5 denominations

a) Different images (dove, text K2 and K5) appear as a new glossy varnish with a blind embossing for ease of identification.

b) Tactile marks for the visually impaired have been put on both edges of the banknotes to enhance tactility.

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    • Probably they made it now worse, just like loans. Everything they are touching is getting smeared in PF mud.

  1. Change the ruling party too its a security feature.We had over $3.4bn in forex reserves during MMD’s rule and now we’re down to just $1.8bn under PF rule.

    • @ Mapping
      Neither was spent of chartering planes, cruise boats, ferrying musicians, building retirement home outside country, investing in commercial real estate in Dubai and Kampala ………………………

  2. They have failed to get more kaloba so now they are going to print more money so that they can feed their greedy appetites. This will then lead to inflation and the poorer will continue to be poor. When we tell you vote upnd you think we are trying to cheat you. The only salvation for zambia is for pf leadership to all die. We hope nature does its thing .

    • Attention seeking fool…Chisushi cha muntu…UNPD is gone together with lunar eclipse which will next be witnessed after 100 years from now…

    • Attention seeking f00l…Chisushi cha muntu…UPND is gone together with lunar eclipse which will next be witnessed after 100 years from now…

  3. Attention seeking f00l…Chisushi cha muntu…UNPD is gone together with lunar eclipse which will next be witnessed after 100 years from now…

    • Immbwa ni wuso na noko…..

      Davis Chama was right
      T0ngaz will one day lead this country. But this will be 100 years from now . The Central statistics office shows that for the T0ngaz to have enough numbers to provide a president , each man will have to marry three wives and have 8 Children in each one of them. This population will have to grow to a voting age of 18. If they reduce the voting age to 16, then T0ngaz will have a president in 2066.

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