|ISO 4217 code :||ZMW|
Exchange rate :
(29 Mar 2020)
1 EUR = 19.9755 ZMW
1 CHF = 18.5629 ZMW
The kwacha is the currency unit of Zambia . The current Kwacha was introduced on January 1, 2013, it is divided into 100 Ngwee (abbreviation: N ) and replaced the old Kwacha (ISO code ZMK) introduced in 1968 in a ratio of 1000: 1.
The word Kwacha means 'dawn', 'dawn' in Bemba and alludes to the Zambian nationalist slogan “the new dawn of freedom”. The currency of the eastern neighboring state of Malawi is also called the Kwacha .
In January 2012, the Zambian government announced that it would reevaluate the kwacha and delete three zeros. The new currency has the ISO 4217 code ZMW or 967.
On January 1, 2013, new banknotes with the values 2, 5, 10, 20, 50 and 100 Kwacha were introduced. Coins with values of 5, 10 and 50 Ngwee and 1 Kwacha are also being issued again. The old banknotes were valid until June 30, 2013.
Zambia is the first African country to issue polymer banknotes . For example, on September 26, 2003, two polymer banknotes of 500 and 1000 kwacha were issued for the first time. These banknotes were printed by the Canadian Bank Note Company in Canada . In the current banknote series, all values are again printed on paper.
- Archived copy ( memento of the original from October 21, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 537 kB) accessed on October 27, 2012
- BoZ unveils rebased kwacha specimens ( Memento from October 8, 2012 in the Internet Archive ) The Post Zambia online, September 21, 2012