Numismatics Channel's video: 1000 Zambian Kwacha Banknote Thousand Kwacha Zambia: 2003 Obverse Reverse

1000 Zambian Kwacha Banknote (Thousand Kwacha Zambia: 2003) Obverse & Reverse of Polymer Banknote. Zambia 1000 Kwacha 2003-2011 Polymer Series. Size: 140 x 70 [mm] Color: Purple-Orange-Green Printing technology: offset on polymer. Material: Polymer substrate. Zambia Banknotes: Pick-44 Obverse: Blue Jacaranda tree (Jacaranda mimosifolia). African Fish Eagle (Haliaeetus vocifer). Eagle feathers. Flying white dove as a see-through register. Reverse: Aardvark (Orycteropus afer). Sorghum farmer on tractor. Freedom Statue "Chainbreaker" in Lusaka. Watermark: Head of an African Fish Eagle. Printer: Giesecke & Devrient (G&D 2003 issue) Date of issue: 2003 Zambian Currency - Value K 1000 Issued by: Central Bank of Zambia. Texts: I promise to pay the bearer on demand One Thousand Kwacha for the Bank of Zambia. One Zambia One Nation. Symbol: ZK ZMW Security features against counterfeiting: Transparent window, Shadow image ("watermark"), Security thread, Perfect register, Iridescent stripe, Microtext, UV print. Transparent window shape: Flying white dove. Notes: In 2003, Zambia became the first African country to issue polymer banknotes. The 500 and 1000 kwacha were both printed on polymer. ----------------------------------- The Zambian kwacha was first issued in 1968 to replace the Zambian pound. The design of the kwacha bill changed as time went on, also, different bills were either introduced in or withdrawn from circulation. Seven emissions of the first kwacha are known to exist, while only one emission of the second kwacha was introduced in circulation in January 1, 2013 and still existing since then without any changes in design or security features. Each emission share similar general features in design throughout all the banknotes, with slight changes concerning the colors and the activity based theme on the reverse of the banknotes. At the very beginning, the kwacha was pegged to the pound at a fixed rate of 1.7094 kwacha per 1 pound. Yet, after the devaluation of the dollar on August 15, 1971, Zambia broke all its currency's ties to the British monetary unit, and pegged the kwacha to the American monetary unit. These reforms resulted in a reduction of the kwacha's gold standard by 7.8%. Few months later, the British Chancellor of the Exchequer Anthony Barber, announced the demise of the Sterling area, and floatation of the sterling pound, causing Zambia to renounce the monetary privileges once enjoyed as a member state. Throughout the years, the Zambian currency suffered high rates of inflation forcing the Bank of Zambia to introduce high value denominations in 2003, including 20,000 and 50,000 kwacha bills to facilitate transactions. In 2013, a new, redenominated kwacha was introduced. In 2003, Zambia became the first African country to issue polymer banknotes. The 500 and 1000 kwacha were both printed on polymer. Although the old 20 kwacha note was still in circulation until 2012, such is the rarity of this note that most major retailers rounded prices up to the nearest 50 kwacha when calculating a total. Most items in major supermarkets were displayed using 20 kwacha in the value.