THE Bank of Zambia (BoZ) has dispelled assertions suggesting that security features of the new currency are inadequate and therefore need enhancement.
In a statement, Monday, BoZ Assistant Director Communications Besnat Mwanza said the Central Bank had incorporated innovations into the design of the new banknotes, ensuring that they were equipped with the state of the art security features.
“The bank of Zambia would like to dispel assertions suggesting that the security features of the new currency are inadequate, and therefore, need to be changed.
A core function of any currency was to maintain its integrity and resist counterfeiting. Over the past decade, there has been significant technological advancements in the development of banknote security features.
The bank has incorporated innovations into the design of the new banknotes, ensuring that they are equipped with the state of the art security features. This step is crucial, especially as counterfeiters continue to adopt more sophisticated methods,” Mwanza stated.
She noted that the new banknotes had a refreshed design and enhanced security features aimed at deterring counterfeiting and maintaining public confidence in the national currency.
Mwanza further advised members of the public to remain vigilant in checking for security features on the banknotes.
“The new banknotes had a refreshed design and enhanced security features aimed at deterring counterfeiting and maintaining public confidence in the national currency.
The bank has also launched a mobile App called ‘Zambia banknotes’ to augment public awareness and understanding of the features of the new currency family.
Members of the public are therefore urged to continue being vigilant in checking for security features on the banknotes and disregard misinformation that could potentially undermine trust in the national currency and protect the integrity of the Financial System.
For accurate information, members of the public are encouraged to refer to the official Bank Communications channels,” stated Mwanza.
