The Bank of Zambia has officially introduced the new “Heritage Series” currency family. The launch, held at the Mulungushi International Conference Centre, Kenneth Kaunda Wing, was officiated by the Minister of Finance and National Planning, Hon. Dr. Situmbeko Musokotwane, MP. The event also featured remarks from the Minister of Tourism, Hon. Rodney Sikumba, who highlighted how the new banknotes reflect Zambia’s rich natural heritage, commitment to wildlife conservation, and tourism potential.
A Modernized Currency System
The new Heritage Series currency family consists of six banknotes—K500, K200, K100, K50, K20, and K10—alongside six coins—K5, K2, K1, 50N, 10N, and 5N. The redesigned banknotes and coins incorporate enhanced security features to combat counterfeiting, a modernized aesthetic, and a redefined note-coin boundary with the introduction of K5 and K2 coins. Additionally, the lower-value banknotes (K20 and K10) have been produced using a more durable substrate to extend their lifespan.
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Distinctive Design and Security Features
The “Heritage Series” currency is inspired by Zambia’s diverse flora, fauna, and economic pillars. The front side of each banknote features the iconic African Fish Eagle, symbolizing national pride, with an economic sector such as mining, tourism, or agriculture in the background. Endemic flowers further enhance the aesthetic appeal of the banknotes. On the reverse side, each note showcases one of Zambia’s majestic waterfalls, accompanied by illustrations of endemic wildlife and trees.
A unique aspect of the design is the representation of Zambia’s “Big Five” animals—lions, elephants, leopards, rhinos, and buffaloes—depicted in family units of two adults and two young ones across various denominations. The National Coat of Arms is also prominently displayed on all banknotes and coins, alongside Zambia’s national motto, “One Zambia, One Nation”.
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To enhance security and prevent counterfeiting, the new currency incorporates advanced features such as watermarks, security threads, and color-shifting elements. Additionally, tactile marks have been included to assist visually impaired individuals in differentiating denominations. The banknotes and coins also vary in size to aid in identification.
Implementation and Transition Process
From March 31, 2025, the new banknotes and the newly introduced K5, K2, and K1 coins will circulate alongside the existing K1, 50N, 10N, and 5N coins, which will remain legal tender beyond March 31, 2026. However, the K100 and K50 banknotes are still in production and will be released in September 2025 upon completion of logistical processes. The exchange of old notes for the new currency will be free of charge.
To facilitate the transition, the Bank of Zambia initiated a nationwide currency sensitization campaign in February 2025. This campaign reached all 116 districts, including chiefdoms, educating the public on the features and exchange process of the new currency.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.