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Zambian kwacha

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1000 Zambian kwacha

ISO 4217 Code ZMK

User(s) Zambia

Inflation 19%

Source The World Factbook, 2005 est.

Subunit

1/100 ngwee

Symbol ZK

Coins

Rarely used 25, 50 ngwee, 1, 5, 10 kwacha

Banknotes 20, 50, 100, 500, 1000, 5000, 10 000, 20 000, 50 000 kwacha

Central bank

Bank of Zambia

Website www.boz.zm

The Zambian kwacha has been the official currency of Zambia since 1968. It replaced the Zambian pound at a rate of 2 kwacha = 1 pound. The kwacha (ISO 4217: ZMK) is divided into 100 ngwee.

The name derives from the Nyanja and Bemba word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom".

The name ngwee translates as "bright" in the Nyanja language.

In 2003 Zambia was the first African country to issue polymer banknotes. The K500 and K1000 are both printed on polymer.

1 Coins
- 1.1 Old Coins
- 1.2 Current coins
2 Banknotes
- 2.1 Old Banknotes
- 2.2 Current Banknotes
3 See also
4 References

[edit] Coins

[edit] Old Coins

5 kwacha in 1992
Image:Zambian 5 kwacha.JPG
Coat of arms	Value

½, 1, 2 ngwee - 1968 - bronze

5, 10, 20 ngwee - 1968 - copper nickel

50 ngwee - 1969 FAO - copper-nickel click for image

[edit] Current coins

25 and 50 ngwee. 1, 5, and 10 kwacha - 1992 click for image

Although these coins remain legal tender, their diminished value, due to inflation, means that they are seldom seen or used.

10 Kwacha = US $12.00 (1968) = ⅓ cent US (2006)

[edit] Banknotes

[edit] Old Banknotes

Older banknotes of :

50 ngwee (½ Kwacha) (1968-73) click for image;

1 kwacha (1968-80) click for obverse image click for reverse image;

2 kwacha (1968-88) click for obverse image click for reverse image;

5 kwacha (1973-89) click for obverse image click for reverse image; and

10 kwacha (1968-91) click for image

were replaced by coins.

[edit] Current Banknotes

20 kwacha (Fish eagle; kudu, building) click for image
50 kwacha (Fish eagle; zebra, foundry) click for image
100 kwacha (Fish eagle; buffalo, waterfalls) click for image
500 kwacha (Fish eagle; elephant, cotton) click for image
1,000 kwacha (Fish eagle; tractor) click for image
5,000 kwacha (Fish eagle; lion)

click for obverse image click for reverse image

10,000 kwacha (Fish eagle, hologram; porcupine) click for image
20,000 kwacha (Fish eagle, hologram; antelope) click for image
50,000 kwacha (Fish eagle, hologram; leopard) click for image

Current ZMK exchange rates

Use Yahoo! Finance:	AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com:	AUD CAD CHF EUR GBP HKD JPY USD

[edit] See also

[edit] References

Preceded by: Zambian pound Ratio: 2 kwacha = 1 pound	Currency of Zambia 1968 –	Succeeded by: Current

Currencies of Africa
North	Algerian dinar \| Euro (Plaza de soberanía) \| Egyptian pound \| Libyan dinar \| Mauritanian ouguiya \| Moroccan dirham \| Sudanese dinar \| Sudanese pound \| Tunisian dinar
Central	Angolan kwanza \| Burundian franc \| Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon) \| Congolese franc \| Rwandan franc
West	Cape Verdean escudo \| Euro ( Canary Islands, Madeira) \| Gambian dalasi \| Ghanaian cedi \| Guinean franc \| Liberian dollar \| Nigerian naira \| São Tomé and Príncipe dobra \| Sierra Leonean leone \| West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)
East	Comorian franc \| Djiboutian franc \| Eritrean nakfa \| Ethiopian birr \| Kenyan shilling \| Seychelles rupee \| Somali shilling \| Somaliland shilling \| Tanzanian shilling \| Ugandan shilling
South	Botswana pula \| Euro (Mayotte, Réunion) \| Lesotho loti \| Malawian kwacha \| Malagasy ariary \| Mauritian rupee \| Mozambican metical \| Namibian dollar \| Saint Helena pound \| South African rand \| Swazi lilangeni \| Zambian kwacha \| Zimbabwean dollar
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