Zambia's 50 Ngwee was part of the country's second decimal coinage system, introduced in January 1968 when the Kwacha replaced the Zambian Pound at a rate of two Kwacha to one Pound — a clean decimalization that was relatively smooth by regional standards. Valentine Musakanya, whose signature appears on this note, served as Governor of the Bank of Zambia during a period when copper revenues were still buoyant enough to lend the currency genuine credibility on international markets.
Thomas De La Rue printed the entire P#9 series, as they had the preceding issues. The single watermark security remains the only anti-counterfeiting measure — modest by the standards even of 1969.
Zambia's 50 Ngwee was part of the country's second decimal coinage system, introduced in January 1968 when the Kwacha replaced the Zambian Pound at a rate of two Kwacha to one Pound — a clean decimalization that was relatively smooth by regional standards. Valentine Musakanya, whose signature appears on this note, served as Governor of the Bank of Zambia during a period when copper revenues were still buoyant enough to lend the currency genuine credibility on international markets.
Thomas De La Rue printed the entire P#9 series, as they had the preceding issues. The single watermark security remains the only anti-counterfeiting measure — modest by the standards even of 1969.