Zambian Money

The Zambian money is measured in Kwacha and Ngwee. Kwacha and ngwee is a Bemba phrase from the northen Region of Zambia. This stands for “Its dawn and clear!”, referring to the freedom and independence which was granted after a vicious struggle with the colonial Masters.

The Zambian currency is denoted by the symbol ZMK. The Kwacha is divided into 100 ngwees.

In the year 2003, the Zambian government as the first African country, printed its K 500 and K1, 000 notes on polymer.

Denominations

Currently, the highest denomination is a fifty thousand kwacha note, followed by twenty thousand, ten thousand, five thousand, one thousand, five hundred, two hundred, fifty kwacha, and twenty kwacha.

The notes feature an African Fish Eagle on one side and various animals on the reverse side.

Fifty Thousand Note

Fifty Thousand Note - Reverse Side

Zambian Kwacha to 1 USD

The Kwacha has been divided into 100 ngwees. However, due to inflationary pressures, prices have been rounded up to the nearest fifty kwacha. As at now the Kwacha is approximately, US$1.00 is equal to Zmk 4,570.00

Zambian Banks

Banks are found in major towns. Here's is a list of Zambian Banks:

• Standard Chartered Bank Zambia Plc.
• National Bank Zambia Limited
• Intermarket Banking Corporation Limited
• Cavmont Capital Bank Limited
• Investrust Bank Plc.
• Barclays Bank Zambia Plc.
• First Alliance Bank Zambia Limited
• Zambia National Commercial Bank
• Citibank Zambia Limited
• Indo-Zambia Bank Limited
• Access Bank Zambia Limited
• United Bank for Africa Zambia Limited
• National Savings and Credit Bank
• International Commercial Bank,
• Banc ABC Zambia Limited
• Bank of China (Zambia) Limited
• Ecobank Zambia Limited
• First National Bank of Zambia Limited
• Stanbic Bank Zambia Limited

Zambian Money To Economy Of Zambia

Zambia Money To Zambia Advisor Home