The one hundred kwacha note of Zambia is a denomination of the Zambian currency. The current paper note, first issued in 2013 features the Freedom Statue in

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 ab ...

, the issuing authority of legal tenders in Zambia, in the middle there is the

National Assembly In politics, a national assembly is either a unicameral legislature, the lower house of a bicameral legislature, or both houses of a bicameral legislature together. In the English language it generally means "an assembly composed of the repre ...

, 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 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 ...

at the lower right corner, there is also a Buffalo on the reverse. The obverse features the

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, Na ...

which is considered as the primary recognition of the Zambian banknote, together with the

coat of arms A coat of arms is a heraldry, heraldic communication design, visual design on an escutcheon (heraldry), escutcheon (i.e., shield), surcoat, or tabard (the latter two being outer garments). The coat of arms on an escutcheon forms the central ele ...

, the signature of the Bank of Zambia Governor and obligation to pay the sum indicated on the banknote, and the

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. Howe ...

of the specified banknote and the Baobab Tree. It is the highest denomination of banknote issued by the

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 financ ...

since January, 2013 when the three zeros from the preexisting denomination K500, K1,000, K5,000, K10,000, K20,000 and K50,000 were removed.

Removal of three zeros from the denomination

The old currency unit was divided by 1000, hence, removing three zeros from the preexisting K50,000, K20,000, K10,000, K5,000, and K1,000. The lower denominations of K500, K100, and K50 were also divided by 1000 and were changed into the 1 Kwacha, 50, 10, and 5 Ngwee coins respectively. On January 23, 2012, the

proposed certain measures in regards of the redenomination of the Zambian Kwacha. Such recommendations were initially approved by the government, being one of the measures required to address costs associated with the continuous devaluation of the national currency, due to depreciation throughout time, as a direct result of several years of high inflation rates that characterized the national economy during the late decades of the 20th century, and the early years of the 21st century. On 22 August 2012 the Bank of Zambia issued a press release stating that the changeover date for the rebased currency had been set as 1 January 2013. The recommendations were assented to the

parliament In modern politics, and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: Representation (politics), representing the Election#Suffrage, electorate, making laws, and overseeing ...

on November 3, 2012. Later, The Redomination of Currency Act
Act 8 of 2012
was enacted on December 3, 2012.The Re-Domination of Currency Act 2012 - National Assembly of Zambia
/ref>

References

External links

One Hundred Kwacha on Chalo Chatu
{{Economy of Zambia Banknotes of Zambia One-hundred-base-unit banknotes