Kalabo residents advised to accept new currency

Kalabo residents advised to accept new currency

Kalabo, February 27, ZANIS —— Kalabo Zambia Postal Services Corporation (ZAMPOST) Manager Pumulo Mulonda has appealed to the people of Kalabo to stop refusing the new Kwacha and Ngwee currency in preference for the old currency.

Speaking at a public meeting that was held at Kashitu Main Market in Kalabo on Monday, Mr Mulonda said that his office was receiving reports that some people especially in the remote areas of Kalabo district were refusing the new Kwacha and Ngwee currency in preference for the old notes.

Mr Mulonda said that it was vital for the people of Kalabo to be accepting and getting used to the new currency that was currently being used alongside the old currency as the old currency would no longer be legal tender after 30^th June, 2013.

He explained to the gathering that after 30^thJune, 2013 the old currency would no longer be used anywhere but will only be exchanged at ZAMPOST in all the districts and Banks until 30^th June, 2014 and thereafter shall only be exchanged at the Bank of Zambia] in Lusaka until 31^st December, 2014.

He said that he was also receiving reports that some people at Kashitu Main Market in Kalabo especially those selling vegetables and scones among others weresaid that  Manageraka until theBank of Zater 30th

tu Main Mbo especiall refusing to accept the new Kwacha and Ngwee coins.

The Kalabo ZAMPOST Manager said that traders refusing coins would cause an artificial problem of a shortage of small change in Kalabo after 30^th June, 2013 as they would not be having the coins they were refusing.

Mr Mulonda also reiterated that the only institutions that were allowed to exchange currency were the ZAMPOST and Banks and reminded the people of Kalabo to be very alert on transactions with the new and old K 100 note as the two do not have the same value.