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ZAMBIA - ATLAS OF OUR CHANGING ENVIRONMENT
38
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.
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.
ZAMBIAN CURRENCY
OldCurrency
-
K50,000
K20,000
K10,000
K5,000
-
K1,000
NewCurrency
K100
K50
K20
K10
K5
K2
K1 (Coin)
Bank of Zambia, 2012
Table 1.1: Old and New Currency
Old Bank Notes
New Bank Coins
Old Bank Coins
New Bank Notes
Bank of Zambia, 2012