Zambian kwacha

Kwacha
Country:	Zambia
Subdivision:	100 ngwee
ISO 4217 code :	ZMW
Abbreviation:	K
Exchange rate : (29 Mar 2020)	1  EUR  = 19.9755 ZMW 1 ZMW = 0.05006 EUR 1  CHF  = 18.5629 ZMW 1 ZMW = 0.05387 CHF

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 .

On the front of the Zambian banknotes an osprey is depicted as the symbol of the country. On the backs of which is the Statue of Liberty from Lusaka to find a sign of freedom.

New 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.

Polymer banknotes

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.

Web links

• The Central Bank of Zambia

Individual evidence

1. ↑ 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 
2. ↑ BoZ unveils rebased kwacha specimens ( Memento from October 8, 2012 in the Internet Archive ) The Post Zambia online, September 21, 2012