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1 000 Kwacha

Issuer Bank of Zambia
Year 1992-2003
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Printer Thomas De La Rue & Company Limited, London, United Kingdom
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Obverse lettering K1000 BANK OF ZAMBIA K1000 I PROMISE TO PAY THE BEARER ON DEMAND ONE THOUSAND KWACHA FOR THE BANK OF ZAMBIA GOVERNOR K1000
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Protection type Watermark, Security thread
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The 1000 Kwacha was the highest denomination in Zambia's series through most of the 1990s, a period when the kwacha was losing value sharply against hard currencies — by mid-decade, the official exchange rate had collapsed from roughly 2 kwacha per U.S. dollar at independence to well over 1,000. A note worth holding in 1992 bought considerably less by the time the series was retired.

The long print run under a single Pick number covers two signature varieties, both bearing Dominic Mulaisho's successor Jacob Mwanza, whose tenure as Bank of Zambia Governor spanned the late 1980s through the 1990s privatization era.

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