1964 Bank of Zambia Five Pounds Graded VF+ Banknote
 ref:20220909 FANTASTIC FRIDAY OFFERS CHOICE NUMISMATICS ---------------------------------------------------------------------------------------- THE ZAMBIAN KWACHA CURRENCY THAT REPLACED THE POUND DENOMINATIONS IN 1965 HAS VERY RECENTLY STRENGTHENED AGAINST THE SOUTH AFRICAN RAND ---------------------------------------------------------------------------------------- (THEN KNOWN AS NORTHERN RHODESIA)
BANK OF ZAMBIA 5 POUNDS BANKNOTE GRADED VF+ Before Zambia' s independence in 1964, the country then known as Northern Rhodesia used the British pound as legal tender before migrating to the Kwacha in 1965. The Currency Act of 1967 completely replaced the British pound with the Zambian Kwacha banknotes and the ngwee coins.
OFTEN FOUND IN THE MARKETPLACE NOW ON OFFER AT A FAIR VALUE THESE BANKNOTES ARE AVAILABLE NOW AT COMPETITIVE MARKET RATES CALL TO CONFIRM. +27 (0)11 789 2233 HAVE THIS HISTORICALLY VALUABLE Printed by De La Rue (Thomas de la Rue, Thomas De La Rue & Co., TDLR), London, United Kingdom
OWN THIS HISTORIC NOTE NOW
------------------------------------------------ PLUS ------------------------------------------------ GET THESE WITH THE PURCHASE OF THE 5 POUND NOTE AS SEEN ABOVE
DETAILS: SET OF KWACHA BANKNOTES WITH AFRICAN FISH EAGLE WATERMARK The Zambian kwacha is the best performing currency in the world against the US dollar, rallying over 18.5% from Jan. 22 to Sept. 1. While continental peers South Africa, Zimbabwe, Nigeria, Ghana, and Kenya have been unable to control rising inflation and plunging currencies, Hichilema’s government has managed to reduce the inflation rate from 24.4% in August 2021 to 9.7% in June this year. Source: Quartz Africa ------------------------------------------------ DETAILS: 5 POUNDS Bank of Zambia Period Republic (1964-date) Type: Standard banknote Year 1964 Value: 5 Pounds Currency Pound (1964-1968) Composition: Paper Shape: Rectangular 158mm x 88mm DESCRIPTION: History of Zambian Currency The Zambian Kwacha is a decimal type of currency with K1 being made up 100 ngwee. Before Zambia' s independence in 1964, the country then known as Northern Rhodesia used the British pound as legal tender before migrating to the Kwacha in 1965. The Currency Act of 1967 completely replaced the British pound with the Zambian Kwacha banknotes and the ngwee coins. The New kwacha was then denominated into six denominations; namely; K10, K2, 50N, 20N, 10N and 5N denominations. Since 1967 the Kwacha has undergone several structural changes aimed at ensuring that it supports economic activities while maintaining public confidence in the national currency. Some of the notable changes include the following: The Currency Structure of 1968 -1974 The Zambian Kwacha came into being after a government policy decision to decimalise the national currency. The Currency Act of 1967 saw the birth of the Zambian Kwacha and ngwee replacing the Zambian pound, shilling and pence in 1968. The new currency designated the main unit as the Kwacha comprising of 100 ngwee and had the following banknotes and coins in its family: K1, K2, K10 and K20 banknotes and 50 ngwee, 20 ngwee, 10 ngwee, 5 ngwee 2 ngwee and 1 ngwee in coins. The official rate of the Kwacha was one half of the old unit (pound) and or US$1.40. The new K1 was equivalent to the old 10s, while the £5 (Five pound) banknote was equivalent to the K10, the £1 was equivalent to the K2 and the old 5s was replaced by the newly introduced 50 ngwee paper note. Source: Bank of Zambia Site ------------------------------------------------ TO RESERVE Call Marketing Now (011) 789-2233 or (011) 789 -2234Or email us by clicking on This email address is being protected from spambots. You need JavaScript enabled to view it. This offer expires on the16th September 2022- and/or subject to availability. E & OE - Subject to our terms and conditions. NB: Payment options we accept for this promotion are: Bank transfer (EFT). Or cash upon collection on these promotions. We are POPIA Compliant ------------------------------------------------ |
