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1 Kwacha
| Issuer | Bank of Zambia |
|---|---|
| Year | 1980-1988 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANK OF ZAMBIA / ONE KWACHA / I PROMISE TO PAY THE BEARER ON DEMAND / FOR THE BANK OF ZAMBIA / GOVERNOR / ONE ZAMBIA ONE NATION |
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| Protection type | Log in to see details |
| Protection description | the African fish eagle's head, visible when held to light |
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| Comments |
This note was introduced as Zambia's copper boom collapsed. The country had built its post-independence economy almost entirely on copper export revenues, and by the late 1970s falling global prices had created a fiscal crisis that accelerated inflation and currency depreciation throughout the issue period of this series. The 1 Kwacha was effectively losing purchasing power faster than Thomas De La Rue could ship replacement stock from London.
De La Rue's watermark security on this denomination was relatively minimal — appropriate for the lowest face value in the series, but a known vulnerability that attracted local counterfeiting pressure during the mid-1980s austerity years.