The Kwacha is the official currency of Zambia. Apart from the regular circulating coinage, the country has also authorised some foreign mints to issue bullion coins under its jurisdiction.
These coins are in the standard bullion size of one troy ounce of silver - designated as 1 oz Ag, where Ag is abbreviated from Argentum, the Latin word for silver. They were issued during the "first kwacha" period of the currency and were demonetised in 2013, when the "second kwatcha" was introduced at a rate of 1 new kwacha to 1,000 old.
A series featuring elephants became the beginning of the African Wildlife Series by the Bavarian Central Mint, which was however issued for Zambia for only five years. The series continued after 2004 for Somalia. |