Bank of Zambia, BoZ must publish how much it has cost the Country to print the new bank notes and coins coming into circulation on March 30, 2025. The minister of Finance, must address Parliament.
Not withstanding the negative effects of such a costly move on the Country’s inflation and the cost of living, our view is that it is a clear case of misplaced priorities by President Hichilema and his Government.
There’s no intellectual or economic reason to justify the printing of new money at this stage when the country is going through ‘methodical’ economic malaise compounded by the new dawn economic policies.
Surely, the argument that former rulling party (PF) leaders and supporters are hoarding large sums of money to warrant this change of the country’s bank notes and coins defies quantitative and qualitative logic.
It is nothing but dangerous insecurity being exhibited by those running the Country’s affairs presently. At the moment, printing new money is a waste of tax payers money.
Silavwe Jackson
President
GPZ.
13|02|2025
Despite Hakainde saying he would be very transparent if voted into office, he has turned out to be the most secretive president when it comes to procurement and government expenditure. What is wrong with our African presidents?
Captain Ibrahim Traore clearly informs his nation on how much his government is spending, and on what. That is why his country is doing wonders. We are not used to seeing such excellent leadership in Africa. We can only admire our friends there, and dream that his type of governance filters through the entire continent where crooks have their heels dug in.
God bless you Captain Traore.
Reject tribalism, corruption and oppression.
Vote like they do in Southern province.
Vote wisely in 2026.
Hopeless opposition, no message to the electorate.
They are in competition of making enough noise no matter how controversial the issue is. You have not made the case for the BOZ to meet your demand. On top of that you are hopelessly unqualified and don’t make sense. How about you tell us the whole story about how much PF squandered and looted the money they borrowed. Also can you highlight all the crimes PF committed instead of your diversions.
So this foolish boy doesn’t know that printing new notes to replace old ones is a continuous exercise by government. I am sure what has confused his small brain are the new designs and K200 and K500 notes. Such a low thinking boy can’t be president not even for his extended family.
Senseless submission, you have seen and heard people started complaining on the state of our notes in the country.
The notes we have now are wasted and soiled, and you want us to continue using them. And the money is not just available to satisfy the nation, it is as though the money has been hidden.The bank of Zambia has done well to bring new notes and coins.The best is even the idea of bringing new notes and coins.The design is very colorful and with security elements.The cost of change in the production is important to be shared but firstly you must have acknowledged the development.Your talk at the moment should have been on sensitisation for the best way of keeping the notes well from vandalism.The Minister of Finance will give a statement at an appropriate time in Parliament.This opposition we have really is a disgrace.
We have alot of useless people who think making noise is scoring points.
There is no substance in what you are saying Silavwe.
How long have the tattered notes been in circulation? Dont you think it costs to have new notes to be printed?
Please go back what you were doing before, you dont add value to Zambians by the noise you make. There is no substance or critical thought in these empty statements. Just ku bwata bwata and claim the very suggestion was making yesterday.
Calling pressers and giving the impression people are working, yet they are not. Politiking….not doing Politics but empty noise like a can.
Sadly when told the truth hurts….
Our current crop of opposition leaders are seriously hopeless. Surely is this the first time Zambia has printed new notes for it to be an issue? Surely there are many important issues they can be talking about but instead they focus on none issues like this one.
The BoZ publishes annual accounts, is audited by both the auditor-general and external auditors and its officials appear before the public accounts committee of the Zambian parliament. In its annual accounts, the BoZ publishes the cost of printing kwacha currency notes. All this is public information and Jackson Silavwe and his ilk would do well to go to the National Assembly library at parliament buildings and do a bit of reading.