Zambia - Atlas of our Changing Environment

ZAMBIAN CURRENCY

The country’s currency is known as the Zambian ‘Kwacha’ and is subdivided into 100 ‘Ngwee’. In January 2012, the Government approved the Bank of Zambia’s recommendation to rebase the Zambian currency by dividing the existing banknotes by 1,000 (Bank of Zambia, 2012) as shown in Table 1.1.

Table 1.1: Old and New Currency

Old Bank Coins

NewCurrency

OldCurrency

K100

-

K50

K50,000

K20

K20,000

In addition, four coins have also been introduced: the 1 Kwacha coin, and the 50, 10, and 5 Ngwee coins. The rebasing of the currency has not changed its value or its purchasing power.

K10

K10,000

K5

K5,000

K2

-

K1 (Coin)

K1,000

Bank of Zambia, 2012

Old Bank Notes

New Bank Notes

New Bank Coins

Bank of Zambia, 2012

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ZAMBIA - ATLAS OF OUR CHANGING ENVIRONMENT