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1 Kwacha
| Issuer | Bank of Zambia |
|---|---|
| Year | 1980-1988 |
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| Value | Log in to see details |
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| Composition | Cotton paper |
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| Obverse description | Intaglio portrait of President Kenneth Kaunda at right, with the Zambian coat of arms below; a large vignette of an African fish eagle perched on a branch occupies the centre, set against a multicolour guilloche underprint with stylised geometric motifs at each corner. The bank title cartouche appears at upper centre, the denomination in bold letterpress at centre, and a Governor's signature line with promise-to-pay clause below. |
|---|---|
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| Signature(s) | L.J. Mwananshiku (Sig.5); Dr. L.S. Chivuno (Sig.7) |
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| Comments |
This note was introduced as Zambia's copper boom collapsed. The country had built its post-independence economy almost entirely on copper export revenues, and by the late 1970s falling global prices had created a fiscal crisis that accelerated inflation and currency depreciation throughout the issue period of this series. The 1 Kwacha was effectively losing purchasing power faster than Thomas De La Rue could ship replacement stock from London.
De La Rue's watermark security on this denomination was relatively minimal — appropriate for the lowest face value in the series, but a known vulnerability that attracted local counterfeiting pressure during the mid-1980s austerity years.