Ladies and Gentlemen The new features on the K10,000 banknote are as follows: (1)  On the front of the banknote – there is a new bright silver demetallised holographic lead representing a fish eagle. This has replaced the old hologram of the head of a fish eagle. (2)  On the back of the banknote –the area around the value numeral, K10,000 in the right top corner, is printed with a special ink which shifts colour from copper to green when angle of view is changed. These are the two changes that have been made to the K10,000 banknote. All other features are basically the same. The reason for the introduction of these two features is mainly to enhance the security of the banknote. The Bank of Zambia would further like to inform the public that the new K10,000 banknote and the current circulating K10,000 banknotes shall circulate side by side. The new and current banknotes will therefore all be legal tender. The current K10,000 banknotes will be replaced by the new K10,000 banknote once they reach the end of their lifespan through soiling and/or mutilation. Therefore, I urge you to take a closer look at the new K10,000 banknote in order to inform the public correctly. I thank you. BIS Review 78/2008  1
This is because we understand that these implementations require that IT systems be developed because almost everything is now tied to IT. We want banks to be able to do this at the same time. There are exceptions when there are extraordinary situations or risks. Or when banks, due to the fact that this is an easing measure, a preferential regime, ask us to introduce these new changes faster. Sometimes we just let them choose: they can remain on the old system or migrate to the new system. This is more difficult for us, but we understand that it is easier for banks to work this way. In our opinion, this increases predictability of the implementation of all our changes in regulation. I would like to say that, together with you, we are trying to remove bottlenecks, to reduce costs where possible, so that banks of varying sizes have the opportunity to work and benefit their customers. For example, for a long time there have been discussions, on all the platforms and during meetings, of banks’ access to funds from the budget, state-owned companies, and today Mr. Aksakov spoke about this, about a draft law. We hope that it will indeed be adopted, and that this topic will no longer require constant discussion. We understand how serious it is from the point of view of ensuring an equal playing field regarding access to state and state companies’ funds. All the more so because they form a significant part of banks’ equities.