Public urged to accept old notes as new Zambian currency rolls out

Finance and National Planning Minister, Dr. Situmbeko Musokotwane, has urged the public and traders to continue accepting old Zambian banknotes to prevent confusion as the country transitions to a newly unveiled currency family.

Speaking at the launch in Lusaka Monday, Musokotwane reassured citizens that both the old and new banknotes would remain in circulation until March 31, 2025.

Read more: New K100, K50 notes to be delayed after old ones are recalled —Bank of Zambia

“The Statutory Instrument has been signed, and starting this afternoon, the new notes will be unveiled. However, during transactions, if someone gives you change in old notes, do not refuse it. It remains legal tender until March 31, 2025, so there should be no confusion,” he emphasized.

At the same event, Bank of Zambia (BoZ) Governor, Dr. Denny Kalayalya, announced that the new K50 and K100 notes were still in production and would be introduced later.

Kalayalya also warned of potential fraud attempts during the transition, assuring that law enforcement agencies and the Zambia Revenue Authority (ZRA) were on high alert, particularly at porous border points.

“We are aware of the risks, but our colleagues from ZRA and law enforcement are vigilant. We also urge the public not to be used as conduits for fraudulent activities,” he said.

Tourism Minister, Rodney Sikumba, highlighted the artistic and cultural significance of the new banknotes, which showcase Zambia’s waterfalls and wildlife.

“These notes go beyond currency—they tell Zambia’s story and reaffirm the government’s commitment to wildlife conservation,” Sikumba stated.

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