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.

BoZ Governor Dr. Denny Kalyalya says advances in technology have provided counterfeiters with ever
improving methods for imitating genuine banknotes.

Dr. Kalyalya says the Bank therefore will always take
measures that ensures the Zambian banknotes are adequately protected from
counterfeiting.

Announcing the development in Lusaka ahead of the 92nd Agriculture and Commercial Show, Dr. Kalyalya says this includes continually adopting more advanced security features that safeguard the integrity of the national currency.

He says at the same time, the authenticity of the banknotes must be easy to verify.

Dr. Kalyalya says all other features on the banknotes will remain the same.

The Central Bank Governor has also advised the general public that the Bank will start circulating the upgraded banknotes in a phased manner, starting the with K2 and K5 denominations in August 2018.

Dr. Kalyalya has clarified that the bank will not withdraw the existing banknotes until the end of their circulation life.

He says this means that the existing banknotes will co-circulate with the upgraded series and will continue to be honored at full value.