Zambian Kwacha: Difference between revisions
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{{Infobox currency | {{Infobox currency | ||
| image_1 = | |||
| image_title_1 = | | image_title_1 = [[Bank of Zambia K500 note|500 Zambian Kwacha]] | ||
| iso_code = ZMW | | iso_code = ZMW | ||
| iso_comment = before 2013: {{mono|ZMK}} | |||
| using_countries = {{flag|Zambia}} | | using_countries = {{flag|Zambia}} | ||
| inflation_rate = | | unofficial_users = {{flag|Zimbabwe}}{{flag|Malawi}} | ||
| inflation_source_date = | (used in the border areas between [[Zambia–Zimbabwe relations|Zambia & Zimbabwe]] and also [[Malawi–Zambia relations|Zambia & Malawi]]) | ||
| subunit_ratio_1 = 1 | | inflation_rate = 15.78% | ||
| inflation_source_date = {{url|https://www.zamstats.gov.zm/}}, January 2024 est. | |||
| inflation_method = [[consumer price index|CPI]] | |||
| subunit_ratio_1 = {{frac|1|100}} | |||
| subunit_name_1 = ngwee | | subunit_name_1 = ngwee | ||
| symbol = | | symbol = K, ZK | ||
| frequently_used_banknotes = 2, 5, 10, 20, 50, [[ | | symbol_subunit_1 = N | ||
| frequently_used_coins = 5, 10, 50 ngwee and | | frequently_used_banknotes = 2, 5, 10, 20, [[Fifty kwacha|50]], [[Bank of Zambia K100 note|100]], 200, 500 kwacha<ref>{{cite web |title=Bank of Zambia to Introduce New Banknotes on March 31, 2025 |url=https://www.lusakatimes.com/2025/02/12/bank-of-zambia-to-introduce-new-banknotes-on-march-31-2025/ |website=Lusaka Times |date=February 12, 2025 |archive-url=https://web.archive.org/web/20250217171841/https://www.lusakatimes.com/2025/02/12/bank-of-zambia-to-introduce-new-banknotes-on-march-31-2025/|archive-date=February 17, 2025 |access-date=March 3, 2025}}</ref><ref name="Enhanced Banknotes">{{cite web |title=Enhanced Banknotes |url=https://www.boz.zm/Enhanced-Banknotes.pdf |website=Bank of Zambia |date=2025 |archive-url=https://web.archive.org/web/20240527042004/https://www.boz.zm/Enhanced-Banknotes.pdf |archive-date=May 27, 2024 |access-date=March 3, 2025}}</ref> | ||
| frequently_used_coins = 5, 10, 50 ngwee, 1, 2, 5 kwacha<ref>{{cite web |title=Bank of Zambia to Introduce New Kwacha Banknotes and Coins |url=https://znbc.co.zm/news/bank-of-zambia-to-introduce-new-kwacha-banknotes-and-coins/ |website=ZNBC |date=February 12, 2025 |archive-url=https://web.archive.org/web/20250304203521/https://znbc.co.zm/news/bank-of-zambia-to-introduce-new-kwacha-banknotes-and-coins/ |archive-date=March 4, 2025 |access-date=March 3, 2025}}</ref><ref name="Enhanced Banknotes" /> | |||
| issuing_authority = [[Bank of Zambia]] | | issuing_authority = [[Bank of Zambia]] | ||
| issuing_authority_website = {{URL|www.boz.zm}} | | issuing_authority_website = {{URL|www.boz.zm}} | ||
| printer = [[Giesecke & Devrient|G&D]]<br />[[Joh. Enschedé|Johan Enschede en Zonen]] | |||
| printer_website = {{url|https://www.gi-de.com}}<br />{{url|www.joh-enschede.nl/}} | |||
}} | }} | ||
'''Zambian kwacha''' (sign: [[ISO 4217|K]]; code: ZMW) is the official currency of Zambia, issued by the [[Bank of Zambia]]. It is subdivided into 100 '''ngwee'''. On 31 March 2025, the Bank of Zambia launched the new "Heritage Series"—a refreshed currency family of six banknotes (K10, K20, K50, K100, K200, K500) and six coins (5 ngwee, 10 ngwee, 50 ngwee, K1, K2, K5)—featuring enhanced security and national heritage themes.<ref>{{Cite web |date=2025-04-01 |title=Zambia Launches New Currency to Celebrate Heritage and Drive Economic Growth - DNE Africa |url=https://africa.dailynewsegypt.com/zambia-launches-new-currency-to-celebrate-heritage-and-drive-economic-growth/ |access-date=2025-09-08 |language=en-US}}</ref> | |||
== Etymology == | |||
The name ''kwacha'' derives from the [[Nyanja]], [[Bemba language|Bemba]], and [[Tonga language (Zambia and Zimbabwe)|Tonga language]] word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom". The name ''ngwee'' translates as "bright" in the [[Nyanja language]]. | |||
==Etymology== | ==Etymology== | ||
