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Bank Of Zambia K100 Note
The one hundred kwacha note of Zambia is a Denomination (currency), denomination of the Zambian kwacha, Zambian currency. The current paper note, first issued in 2013 features the Freedom Statue in Lusaka, the issuing authority of legal tenders in Zambia, in the middle there is the National Assembly (Zambia), National Assembly, the face value of the banknote in words in the lower left corner, and in numerals in the other three corners and the new printer imprint Giesecke & Devrient at the lower right corner, there is also a African Buffalo, Buffalo on the reverse. The obverse features the African fish eagle which is considered as the primary recognition of the Zambian banknote, together with the Coat of arms of Zambia, coat of arms, the signature of the Bank of Zambia Governor and obligation to pay the sum indicated on the banknote, and the face value of the specified banknote and the Baobab Tree. It is the highest denomination of banknote issued by the Bank of Zambia since January, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zambian Kwacha
The Kwacha (ISO 4217 code: ZMW) is the currency of Zambia. It is subdivided into 100 ''Ngwee''. Etymology The name ''kwacha'' derives from the Nyanja, Bemba, and Tonga language word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom". The name ''ngwee'' translates as "bright" in the Nyanja language. History Prior to independence in 1964, the Rhodesia and Nyasaland pound was the legal tender of the short-lived British protectorate of Northern Rhodesia. Banknotes of 10 shillings, 1, 5, and 10 pounds issued by the Central Africa Currency Board were in circulation, together with coins of , 1, 3, 6 pence, and 1, 2, , and 5 shillings. After independence, the Bank of Zambia issued the first Zambian currency, the Zambian pound, in 1964. The issued paper bills and coins were of similar denominations as these used before independence, except for the 10 pounds note, which was never issued by the Bank of Zambia. A new design to depict the newly independen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Assembly (Zambia)
The National Assembly is Zambia's unicameral legislative body. Between 1972 and 1990, Zambia was a one-party state with the United National Independence Party (UNIP) as the sole legal party. The current National Assembly, formed following elections held on 11 August 2016, has a total of 166 members. 156 members are directly elected in single-member constituencies using the simple plurality (or first-past-the-post) system. Eight additional seats are filled through presidential appointment. The Speaker, first deputy speaker and the Vice President are also granted a seat in the assembly. Electoral system Of the 167 members of the National Assembly, 156 are elected by the first-past-the-post system in single-member constituencies, with a further eight appointed by the President and three others being ''ex-officio'' members: the Vice President, the Speaker and one deputy speakers (one elected from outside the National Assembly, while another is chosen among the elected members ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Zambia
Zambia is a developing country and it achieved middle-income status in 2011. Through the first decade of the 21st century, the economy of Zambia was one of the fastest growing economies in Africa and its capital, Lusaka the fastest growing city in the Southern African Development Community (SADC). Zambia's economic performance has stalled in recent years due to declining copper prices, significant fiscal deficits, and energy shortages. Zambia is currently ranked 8th in Africa, 5th in the Southern African Development Community (SADC) and 4th in the Common Market for Eastern and Southern Africa (COMESA) in terms of the ease of doing business. Furthermore, Zambia is ranked the 8th most competitive country in Africa on the Global Competitiveness Index. Recently, Zambia was ranked 7th by Forbes as the best country for doing business among 54 African countries. The government has succeeded in reducing the cost of doing business, but other important indicators of the business environme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Zambia
The Bank of Zambia (BoZ), is the central bank of Zambia. Overview The principal responsibility of the bank is to create and implement monetary policy that will maintain the economic stability of the country. The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration, during the Global Policy Forum, held in Riviera Maya, Mexico in 2011. Functions of Bank of Zambia # To ensure appropriate monetary policy formulation and implementation; # To provide banking services to Government, commercial banks and to act as Settlement Agent; # To license, regulate and supervise banks and financial service institutions; # To ensure a safe and sound financial system and; # To manage the banking, currency and payment systems operations of the Bank of Zambia. Administration Since its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Face Value
The face value, sometimes called nominal value, is the value of a coin, bond, stamp or paper money as printed on the coin, stamp or bill itself by the issuing authority. The face value of coins, stamps, or bill is usually its legal value. However, their market value need not bear any relationship to the face value. For example, some rare coins or stamps may be traded at prices considerably above their face value. Coins may also have a salvage value due to more or less valuable metals that they contain. Overview The face value of bonds usually represents the principal or redemption value. Interest payments are expressed as a percentage of face value. Before maturity, the actual value of a bond may be greater or less than face value, depending on the interest rate payable and the perceived risk of default. As bonds approach maturity, actual value approaches face value. In the case of stock certificates, face value is the par value of the stock. In the case of common stock, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coat Of Arms Of Zambia
The coat of arms of Zambia was adopted on 24 October 1964 when the Republic of Zambia reached its independence. This coat of arms is adapted from the arms of the British protectorate of Northern Rhodesia which dated to 1927, with the wavy black and white vertical lines as the field and the eagle (then holding a fish) in the chief. The African fish eagle represents the conquest of freedom and nation's hope for the future. The hoe and pickaxe represent the country's economic backbone: agriculture and mining, as well as the characteristics that have influenced Zambia's evolution and nature. The shield is a representation of Victoria Falls with white water cascading over black rock. The Victoria Falls represents the Zambezi river, from which Zambia takes its name. The coat of arms also has emblems of Zambia's natural resources: minerals and mining, agriculture and wildlife. The shield is supported by two figures which represent the common man and woman of the nation. The country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Fish Eagle
The African fish eagle (''Haliaeetus vocifer'') or the African sea eagle, is a large species of eagle found throughout sub-Saharan Africa wherever large bodies of open water with an abundant food supply occur. It is the national bird of Malawi, Namibia, Zambia, and Zimbabwe. As a result of its large range, it is known in many languages. Examples of names include: Vis Arend in Afrikaans, ''nkwazi'' in Chewa, ''aigle pêcheur'' in French, ''hungwe'' in Shona, ''inkwazi'' in isiZulu, and ''ntšhu'' (pronounced "ntjhu") in Northern Sotho. This species may resemble the bald eagle in appearance; though related, the two species occurs on different continents, with the bald eagle being resident in North America. Taxonomy The African fish eagle is a species placed in the genus ''Haliaeetus'' (sea eagles). Its closest relative appears to be the critically endangered Madagascar fish eagle (''H. vociferoides''). Like all sea eagle species pairs, this one consists of a white-headed species (t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Giesecke & Devrient
Giesecke+Devrient, also known as (G+D), is a German company headquartered in Munich that provides banknote and securities printing, smart cards, and cash handling systems. History Founded in 1852 by Hermann Giesecke and Alphonse Devrient, the firm initially specialized in high-quality printing, notably currency and securities printing. From the 1850s to the 1870s the firm printed some of the important biblical editions of Constantin von Tischendorf. The partnership's reputation for quality work was confirmed at the 1867 international exhibition in Paris. Giesecke+Devrient supplied currency during the inflation in the Weimar Republic in the 1920s, one of the most prominent cases of hyperinflation. It also printed tickets to the 1936 Olympics in Germany and did business with Spain under Franco."Zimbabwe Can't Paper Over Its Million-Percent Inflation Anymore; Under Pressure, German Company Cuts Off Shipments of Blank Bank Notes to Mugabe," ''Wall Street Journal.'' July 2, 2008. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lusaka
Lusaka (; ) is the Capital city, capital and largest city of Zambia. It is one of the fastest-developing cities in southern Africa. Lusaka is in the southern part of the central plateau at an elevation of about . , the city's population was about 3.3 million, while the urban population is estimated at 2.5 million in 2018. Lusaka is the centre of both commerce and government in Zambia and connects to the country's four main highways heading Great North Road, Zambia, north, Livingstone Road, south, Great East Road, east and Great West Road, Zambia, west. English is the official language of the city administration, while Bemba language, Bemba, Tonga language (Zambia and Zimbabwe), Tonga, Lenje, Soli language, Soli, Lozi language, Lozi and Nyanja are the commonly spoken street languages. The earliest evidence of settlement in the area dates to the 6th century AD, with the first known settlement in the 11th century. It was then home to the Lenje people, Lenje and Soli language, Soli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zambian Kwacha
The Kwacha (ISO 4217 code: ZMW) is the currency of Zambia. It is subdivided into 100 ''Ngwee''. Etymology The name ''kwacha'' derives from the Nyanja, Bemba, and Tonga language word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom". The name ''ngwee'' translates as "bright" in the Nyanja language. History Prior to independence in 1964, the Rhodesia and Nyasaland pound was the legal tender of the short-lived British protectorate of Northern Rhodesia. Banknotes of 10 shillings, 1, 5, and 10 pounds issued by the Central Africa Currency Board were in circulation, together with coins of , 1, 3, 6 pence, and 1, 2, , and 5 shillings. After independence, the Bank of Zambia issued the first Zambian currency, the Zambian pound, in 1964. The issued paper bills and coins were of similar denominations as these used before independence, except for the 10 pounds note, which was never issued by the Bank of Zambia. A new design to depict the newly independen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denomination (currency)
Denomination is a proper description of a currency amount, usually for coins or banknotes. Denominations may also be used with other means of payment such as gift cards. For example, ''five euros'' is the denomination of a five-euro note. Subunit and super unit In a currency, there is usually a main unit (base) and a subunit that is a fraction of the main unit. In some countries, there are multiple levels of subunits. In the former Ottoman Empire, 1 lira = 100 kuruş = 4000 para = 12000 akçe. Today, only a few places have more than one subunit, notably the Jordanian dinar is divided into 10 dirham, 100 qirsh/piastres, or 1000 fils. Many countries where Western European languages are spoken currently have their main units divided into 100 subunits. Some currencies that previously had subunits no longer do, because inflation has rendered the subunit useless. A prominent example is the Japanese yen, which was formerly divided into 100 sen or 1000 rin. Both subunits were demone ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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