BOZ TO RELEASE ‘IMPROVED’ K100 BANK NOTES

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BOZ TO RELEASE ‘IMPROVED’ K100 BANK NOTES

new-notes-100

 

The Bank of Zambia has disclosed that the new K100 banknote with improved features is expected to be out before the end of this week.

 

Bank of Zambia Public Relations Manager Kanguya Mayondi says the K100 banknotes with new features has taken some time to be released in circulation.

 

Mr Mayondi states this is because Commercial Banks had to be given time to standardize their automated teller machines and note counting machines because of the new features on the banknotes.

 

Mr Mayondi explained that the Central Bank will continue re-sensitizing and re-educating the members of the business community about the new features on the banknotes, especially those in business that involves huge cash handling such as people in the transport sector.

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