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5000 Kwacha Elephant
| Issuer | Bank of Zambia |
|---|---|
| Year | 2002 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Round |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse lettering | · AFRICAN WILDLIFE · ELEPHANT · 1oz Ag 999 |
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| Additional information |
Zambia's wildlife series coins of this period were produced under license by foreign minting houses — primarily in Europe — for the collector market rather than domestic circulation. The Bank of Zambia issued them largely as a foreign exchange mechanism during a period when the kwacha had lost catastrophic purchasing power; by 2002, inflation had pushed the official exchange rate past 4,000 kwacha to the US dollar, making a 5,000 kwacha face value on a silver coin almost a commentary on the currency itself.