The Zambian Kwacha is the currency of Zambia, issued by the Bank of Zambia. The name Kwacha derives from the Nyanja and Bemba word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom". The Kwacha was divided into ngwee, but rampant inflation has made the ngwee and lower denominations of kwacha unnecessary. Banknotes issued include denominations of 50, 1, 5, 10, 20, and 50, Kwacha. All other trademarks appearing on this Website are the property of their respective owners.
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Zambian Kwacha Currency Exchange Rate Today
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Overview The Zambian Kwacha is the currency of Zambia, issued by the Bank of Zambia. Copper output has increased, thanks to copper mine privatization, higher copper prices and more foreign investment. Record high copper prices and a bumper maize crop in helped Zambia rebound quickly from the world economic slowdown that began in Poverty remains a significant problem in Zambia, despite its stronger economy.
Zambia ranks among the world's poorest nations in a variety of economic and social statistics and surveys: GDP per capita, competitiveness, life expectancy, infant mortality, and so on. History Zambia gained independence from Great Britain in Kenneth Kaunda was the first president of Zambia inand stayed in office until During his regime, the value of the currency was fixed at a rate of approximately 1.
Untilall Zambian banknotes featured a portrait of Kaunda on the obverse side his image was later replaced by an African fish eagle.
Zambian Kwacha(ZMK) Exchange Rates Today - Zambian Kwacha Currency Converter - FX Exchange Rate
A severe economic crisis stemming from poor government oversight and overspending contributed to high inflation throughout the s and s. Byit took 4, Kwacha to buy one US Dollar. The currency has more recently stabilized. Symbols and Names Symbols: Central Bank Bank of Zambia. Countries Using This Currency Zambia. Find Other Currencies Burundi Franc BIF Congolese Franc CDF Malawi Kwacha MWK Rwandan Franc RWF Zimbabwe Dollar ZWD Currency Facts Home.
Losses can exceed investment.