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20 Kwacha
| Issuer | Bank of Zambia |
|---|---|
| Year | 1969 |
| Type | Log in to see details |
| Value | 20 Kwacha (20 ZMK) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | K 20 BANK OF ZAMBIA I PROMISE TO PAY THE BEARER ON DEMAND TWENTY KWACHA FOR THE BANK OF ZAMBIA GOVERNOR |
| Reverse description | Central vignette of the National Assembly building rendered in a detailed architectural engraving, set against an open forecourt and flanked by decorative guilloche borders. The denomination K20 appears in each upper corner, with 'BANK OF ZAMBIA' across the top and 'TWENTY KWACHA' along the lower margin. The overall colour scheme is violet-purple on an unprinted reserve oval at right. |
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| Comments |
Zambia's first post-independence banknote series, of which this is part, was introduced in 1968 following the country's break from the Rhodesian pound system — itself a casualty of UDI and the economic rupture between Lusaka and Salisbury. The 20 Kwacha sat at the top of that inaugural series, a high denomination in a country where copper export revenues were funding rapid state expansion under Kaunda's government.
The two signatures — Valentine Musakanya as Governor and Elijah Zulu as Finance Minister — place this note within a narrow window. Musakanya left the governorship in 1970, making dated examples from 1969 among the last bearing that pairing.