Zambian Kwacha · ZMW
ZK symbol · 1 country currently using this currency.
Currency info
Adopted: 1968
Currency family: Other
The Zambian Kwacha's name derives from the Bemba word for 'dawn,' symbolizing Zambia's independence and new beginning.
- Introduced in 1968 when Zambia gained independence, replacing the British pound
- Redenominated in 2013 with the removal of three zeros due to inflation
- Named after the Zambezi River, a major geographical feature of the country
- Has experienced significant depreciation against major currencies since the 2000s
- Currently managed by the Bank of Zambia as the sole legal tender
Countries currently using this currency
Related
Other Other currencies
Historical predecessor
British pound