4000 Kwacha - Elizabeth II Sea Horse and Fish

Zambia's late-1990s and early-2000s wildlife series was largely produced by the British Royal Mint and several European private mints as part of a broader wave of high-denomination commemorative issues sold directly to the collector market — never intended for domestic circulation in a country where 4,000 kwacha represented meaningful purchasing power. The Bank of Zambia licensed these designs aggressively during a period of severe currency instability, generating hard-currency revenue from foreign collectors while the kwacha itself was losing value.

KM#112 falls within that program. The face value is essentially fictional by design.