MINISTER of Finance and National Planning Dr Situmbeko Musokotwane says a Statutory Instrument (SI) will be issued to guide the withdrawal of the existing currency, with a transition period of 12 months during which both the old and new currency series will circulate side-by-side. And Dr Musokotwane says the use of K500 notes won’t be a forcing matter, saying people will choose what is convenient for them. Rendering a ministerial statement to the National Assembly, Thursday, Dr Musokotwane said the introduction of the new bank notes would not affect the value or purchasing power of the Kwacha. “Madam Speaker, I must state, that the introduction of the new currency series will not affect the value or purchasing power of the...

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