1000 Zambian Kwacha Banknote (Thousand Kwacha Zambia: 2003) Obverse & Reverse

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  • Опубликовано: 28 дек 2016
  • 1000 Zambian Kwacha Banknote (Thousand Kwacha Zambia: 2003) Obverse & Reverse of Polymer Banknote.
    Zambia 1000 Kwacha 2003-2011 Polymer Series.
    Size: 140 x 70 [mm]
    Color: Purple-Orange-Green
    Printing technology: offset on polymer.
    Material: Polymer substrate.
    Zambia Banknotes: Pick-44
    Obverse: Blue Jacaranda tree (Jacaranda mimosifolia). African Fish Eagle (Haliaeetus vocifer). Eagle feathers. Flying white dove as a see-through register.
    Reverse: Aardvark (Orycteropus afer). Sorghum farmer on tractor. Freedom Statue "Chainbreaker" in Lusaka.
    Watermark: Head of an African Fish Eagle.
    Printer: Giesecke & Devrient (G&D 2003 issue)
    Date of issue: 2003
    Zambian Currency - Value K 1000
    Issued by: Central Bank of Zambia.
    Texts: I promise to pay the bearer on demand One Thousand Kwacha for the Bank of Zambia. One Zambia One Nation.
    Symbol: ZK ZMW
    Security features against counterfeiting: Transparent window, Shadow image ("watermark"), Security thread, Perfect register, Iridescent stripe, Microtext, UV print.
    Transparent window shape: Flying white dove.
    Notes: In 2003, Zambia became the first African country to issue polymer banknotes. The 500 and 1000 kwacha were both printed on polymer.
    -----------------------------------
    The Zambian kwacha was first issued in 1968 to replace the Zambian pound. The design of the kwacha bill changed as time went on, also, different bills were either introduced in or withdrawn from circulation. Seven emissions of the first kwacha are known to exist, while only one emission of the second kwacha was introduced in circulation in January 1, 2013 and still existing since then without any changes in design or security features. Each emission share similar general features in design throughout all the banknotes, with slight changes concerning the colors and the activity based theme on the reverse of the banknotes.
    At the very beginning, the kwacha was pegged to the pound at a fixed rate of 1.7094 kwacha per 1 pound. Yet, after the devaluation of the dollar on August 15, 1971, Zambia broke all its currency's ties to the British monetary unit, and pegged the kwacha to the American monetary unit. These reforms resulted in a reduction of the kwacha's gold standard by 7.8%. Few months later, the British Chancellor of the Exchequer Anthony Barber, announced the demise of the Sterling area, and floatation of the sterling pound, causing Zambia to renounce the monetary privileges once enjoyed as a member state.
    Throughout the years, the Zambian currency suffered high rates of inflation forcing the Bank of Zambia to introduce high value denominations in 2003, including 20,000 and 50,000 kwacha bills to facilitate transactions. In 2013, a new, redenominated kwacha was introduced.
    In 2003, Zambia became the first African country to issue polymer banknotes. The 500 and 1000 kwacha were both printed on polymer. Although the old 20 kwacha note was still in circulation until 2012, such is the rarity of this note that most major retailers rounded prices up to the nearest 50 kwacha when calculating a total. Most items in major supermarkets were displayed using 20 kwacha in the value.
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Комментарии • 14

  • @akachid5117
    @akachid5117 Год назад

    Can I still change this money in the bank of Zambia today

  • @louienicolas3400
    @louienicolas3400 5 лет назад +1

    how much change to 1000?

  • @thabopablo9493
    @thabopablo9493 3 года назад

    Where can I change it in South Africa

  • @donaldkalumbu4138
    @donaldkalumbu4138 2 года назад

    Who's there to buy?

  • @SachinThakur-od8cl
    @SachinThakur-od8cl 4 года назад

    I have Zambia currency..... I want exchange to Indian currency..... plzzzZ help

  • @adnankhalid9187
    @adnankhalid9187 2 года назад

    I need change

  • @stephenmutisya646
    @stephenmutisya646 6 лет назад

    Is that note useful by now? (2018)

    • @muntenbankbiljettenbe661
      @muntenbankbiljettenbe661 6 лет назад

      stephen mutisya
      I think so

    • @sakibear7607
      @sakibear7607 5 лет назад

      The 2003 Issues are still good? Or have the 2013 notes replaced them making the older ones worthless? I hope not because I picked up 7923 Kwacha as part of a group lot in an auction. At the current rate of exchange that equals 680.99 USD, which is considerably worth more than I payed...Anyone out there know?

    • @Chikwandaful
      @Chikwandaful 5 лет назад

      No, these notes have been out of use since 2013

    • @Chikwandaful
      @Chikwandaful 5 лет назад

      @Saki Bear, the currency got rebased in 2013, they knocked 3 zeros off, so your K7000 is now simply K7, which is less than a dollar.

    • @sakibear7607
      @sakibear7607 5 лет назад

      Chikwandaful Thanks for the information. Guess I'm not gonna be rich now? The money is Unc and still pretty nice looking.
      Similar to what happened to the Mexican Peso when they dropped three zeros amd 1000 became 1 peso 1979 1000 pesos was $80-USD now that is worth $0.05 approximately From $80 to $0.05. One time I went to Tecate and purchased a kilo of tortillas and if I wanted a bag it was 1000 pesos extra. It was pretty rough on the old timers who had pensions!!!