What is the currency of Zambia?

The currency of Zambia is the Zambian kwacha. It is issued by the Bank of Zambia, uses the code ZMW, and is divided into 100 ngwee.

The word “kwacha” comes from a term meaning “dawn” in several regional languages, including Nyanja, Bemba, and Tonga. It alludes to the idea of a new dawn associated with Zambian independence and national renewal. The kwacha replaced the Zambian pound in 1968.

Zambia introduced a redenominated kwacha on 1 January 2013 after years of inflation had reduced the purchasing power of the older currency. The reform removed three zeros: 1,000 old kwacha became 1 new kwacha. Both currencies circulated during a six-month transition period.

The Zambian kwacha should not be confused with the Malawian kwacha, even though both currencies share the same name. Botswana uses the pula, while South Africa uses the rand. Current Zambian notes and coins depict national landmarks, wildlife, plants, and symbols of the country’s heritage.