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500 Kwacha

发行方 Bank of Zambia
年份 2024
类型 Standard circulation banknote
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防伪类型 Watermark, Security thread, Optically variable ink
防伪描述 a fish eagle and electrotype numeral 500, plus a secondary fish eagle electrotype; magenta windowed security thread with demetalized Bank of Zambia logo and numeral 500; gold optically variable ink (OVI) map of Zambia on obverse.
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The 2024 series marks a significant redenomination-adjacent redesign for Zambia, which had already rebased its currency in 2013 — dropping three zeros — following years of kwacha depreciation driven by copper price volatility and chronic fiscal deficits. The 500 Kwacha note sits at the top of the current circulating series, a position that reflects just how far domestic purchasing power has continued to erode since that rebasing.

Cotton substrate retention rather than a move to polymer is a notable choice, given that several regional central banks have shifted to polymer for high-denomination notes in this period.