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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

Historical predecessor

British pound