Bank.notes

Collection Zambia #657

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10 Kwacha ZMK

Zambia 1990_present AU P-31 Needs review ✦ AI 90%
Front · IMG_7511.HEIC cropped
Back · IMG_7512.HEIC cropped
Pair check: not yet checked
Identity

Where & when

Country Zambia
Currency ZMK
Denomination 10 Kwacha
Series name
Series year
Issue year
Era 1990_present
Legal status demonetized
Predecessor currency Zambian Pound
Successor currency Zambian Kwacha (redenominated ZMW)
Subjects & design

What's on the note

Front portrait
Reverse subject Kenneth Kaunda
Watermark Fish Eagle head in clear field at right
Color palette #8b9467,#d4cdb5,#9b8579
Themes statesman,wildlife,education,agriculture,industry
Language / script Latin

Front: Education scene showing a mother and child studying together at a desk, with a modernist institutional building (likely a school or university) in the background. The building features clean lines and large windows characteristic of post-independence educational infrastructure development in Zambia. This imagery reflects the nation's emphasis on education and human capital development following independence in 1964.

Back: Kenneth Kaunda (1924–2021), first President of Zambia who led the country from independence in 1964 until 1991, serving as a key figure in African liberation movements and non-aligned politics during the Cold War. The reverse also features a Fish Eagle (Haliaeetus vocifer), Zambia's national bird, prominent along the Zambezi River and national symbol. The central vignette shows agricultural workers tending to crops with an aircraft overhead, symbolizing the modernization of Zambian agriculture and transport infrastructure.

Production

How it was made

Issuer Bank of Zambia
Issuer (native)
Printer Thomas De La Rue & Company Limited
Engraver
Material paper
Dimensions (mm) 145x72

Signatures: Governor: signature visible but name illegible

Security features: watermark,security_thread,intaglio,microprint

Geography

Zambia in Africa

Zambia in Africa. Other countries on the same continent shown in muted grey.

The story

Background & history

This note belongs to the 1989–1991 series issued by the Bank of Zambia during the final years of Kenneth Kaunda's presidency. The Zambian Kwacha (ZMK) was introduced in 1968 replacing the Zambian Pound at 2 Kwacha = 1 Pound. The serial number format '120/D 388396' indicates this is from a 1989–1991 printing run, with the prefix numerals and letter denoting the print series. This series was in circulation during a period of significant economic challenges including inflation and structural adjustment. The note was eventually demonetized when Zambia redenominated its currency in 2013, replacing 1000 old Kwacha (ZMK) with 1 new Kwacha (ZMW). The Fish Eagle watermark and modernist design elements are characteristic of this era of Zambian currency. Printed by Thomas De La Rue as indicated by the imprint at the bottom of the front.

Catalogue

Collector references

Pick # 31
Krause ID
Rarity tier common
Series range 1989–1991
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade AU
Serial number 120/D 388396
Serial prefix 120/D

Note appears to have minimal circulation with crisp paper and strong colors, minor handling evident

Valuation

What it's worth now

$2–$8
Type default range $2–$8
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-10 07:47:22 2.0 8.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (1)
anthropic · claude-sonnet-4-5 2026-05-10 07:47:22
status: ok · step 1 · $0.0408 · 7395↓ + 1243↑ tokens
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