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.

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.

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?

Happy New Year - 2013

Kwacha Economics wishes you all a Happy New Year. May we move together in the New Year and hopefully be better than 2012.

::: HAPPY NEW YEAR - 2013 :::

Customs Duty Suspension - Sports Euipment and Articles

I have always wondered if people really pay attention to changes to the law especially after the budget is presented. I know everyone has figures of how much they will pay in terms of Pay As You Earn (PAYE), but do we take time to look at other issues as we may have benefits that we miss out. Do tourism enterprises for example know about the suspension on articles for their business? 

I will be doing some highlighting of some important legal changes so that you can benefit from these changes. Let me start with this one.

S.I. No. 94 of 2012 was published on Friday 28th December. This particular S.I. suspends customs duty on sports equipment and articles used in sports. I thought I should look at this one to promote interest of "health" nation. The suspension is from 1st January, 2013 to 31st December, 2016. That's three (3) years of suspension.

This makes it cheaper as when you import these articles, you wont pay customs duty (but will pay for VAT or Excise duty if its applicable). So take time and look for the S.I. and invest in good physical exercise equipment. It is unfortunately that this country has retailers who benefit and will maintain the prices while not paying the customs duty. But if you are informed you can benefit from this little exercise.