Zambia The Zambian Kwacha (ZMW) is the official currency of Zambia, issued by the Bank of Zambia. The current version of the kwacha was introduced in 2013, replacing the old ZMK at a rate of 1,000 old kwacha = 1 new kwacha (ZMW). The currency is subdivided into 100 ngwee, though small denominations are rarely used due to inflation. Banknotes are available in denominations from ZMW 2 to ZMW 100, while coins range from 5 ngwee to ZMW 1. Zambia’s economy is heavily reliant on copper exports, making the kwacha susceptible to global commodity price fluctuations.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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