1 Kwacha

Zambia's first post-independence currency series replaced the Rhodesia and Nyasaland pound, and by 1969 the Bank of Zambia was still consolidating its monetary infrastructure under the stewardship of Valentine Musakanya, who served as Governor during a period of significant copper-revenue expansion. The Kwacha itself had only been introduced in 1968, making this a very early note in the new decimal system — the name drawn from the Nyanja word for "dawn."

De La Rue supplied the full series, as they did for a large number of newly independent African states in this period. The Zulu and Musakanya signature combination is specific to a narrow window of issue.