Thursday, January 24, 2013

Coins: K1.00 and 5 ngwee

The K1.00 coin (Former K1,000.00) and 5 ngwee are featured here. You realize that it is hard to talk about coins as Zambia has not had them in a while. We had them, but they were not worth anything.

So this is a very useful introduction in the economy. We have an opportunity to use this form of exchange for a lot more issues. To note are the durability issues as compared to paper money. Coins are durable and so less money will be spent (money which was spent in printing paper money every now and then). Once coins have been minted, it takes a relatively longer period for the next session of minting.

Here is a close look at the one kwacha (K 1.00) and five ngwee (K 0.05) coins.



Monday, January 7, 2013

New K100.00 Note

The new K100.00 note is note a re-based K100.00 that we have had. People need to know this as the note may be subject to a lot of fraud activities.

The K100.00 is the highest note in the new Kwacha. It is roughly US $20.00 in value. Whilst the old K100.00 is about US $ 0.02. However, the note created did not take into account the problems the note would cause for the ordinary people. The similarity between the notes is not that great, but the difference are too little for the people who have not seen the notes before. If you have seen both, there is no problem. But failure to even be exposed to one will bring problems. 

Look at this:




The notes are way confusing for the ordinary people and the villagers. This is not a good if you know what I mean. But lets let the people judge and tell us what they think about the two notes.

I think the note should have a different colour, bigger than the old one and totally different from this.

Thursday, January 3, 2013

Rebased Kwacha - K2.00

One of the new notes that was not previously in the Zambia economy. Not possible to compare with any other as its uniquely new.

I believe the new K2.00 will make some transactions simpler. But then I again, I may be wrong.

I expect this note to have very little if any problems at all since its a new entrant on the market. Maybe the women selling on the streets may be confused in the initial days but quickly adapt to the trend of new notes.





I have slowly been taken by the wash-out look of the other notes, but the K2.00 is uniquely  its own colour so maybe the wash-out will not be linked to this one.

Rebased Kwacha - K5.00

This is another one of our beautiful note simply re-based. The features are almost the same.

Very few people would be confused with this one. It simply looks like a wash-out of the old note. I am already falling in love with the "wash-out" looks. I believe I'm not the only one. Maybe we got used to the old notes.



Tuesday, January 1, 2013

Rebased Kwacha - K50.00

The once mighty ninja (K50.00) is back. This time dwarfed only by the introduction of K100.00.

So another one worth looking at is the K50.00 which is a re-based K50,000.00. Of course this just looks like the washed out note when you look at the colour. But I do love the new look and far better than the old one.

So the K50.00 note is the second highest note in the new Kwacha. It has to be one we should be familiar with at all times.




Rebased Kwacha - K10.00

I have just got news people have been demanding for the new kwacha like mad. So Kwacha Economics thinks you should see the different notes and see if they really live up to the "New Money Same Value" idea.

K10,000.00 has now become K10.00. Ideally, this is supposed to be of same value and the touch of looking similar just adds some good to it. Below are the front and back. 




I think it really is new money same value for this one. Anyone thinking otherwise?