Central Banking

Zambian central bank to introduce high value notes

ZAMBIA - The Bank of Zambia said Saturday it has embarked on a national currency restructuring program that will ultimately result in the launching of high value notes in 50,000kwacha (US$10.99)and 20,000kwacha denominations.

At the ongoing 8th media seminar of the central bank, Emmanuel Malukutila, assistant director of currency, said apart from the introduction of the high value notes, the bank would also change the substrate paper on which money is printed now for the 1,000kawcha and 500kwacha

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