- Monetary unit:
- Country code:
- Zambia, Republic
- Kwacha Zambia
- of 740 720 sq. km
- English (state)
- ZM (ZMB) 894
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Republic Zambia Monetary unit is the kwacha zambia making 100 ngwee and manufactured by Bank of Zambia. In the cash circulation there are notes of denomination of 20, 50, 100, 500, 1000, 5000, 10 000, 20 000, 50 000 kwachas.
Till November, 16th, 1964 the pound of Rhodesia and Nyasaland which has been equal to pound sterling was monetary unit in territory of Zambia and served as the general currency for all three territories of Federation of Rhodesia and Nyasaland (Zimbabwe see). Since November, 16th, 1964 the Zambian pounds equal to pound sterling have started to be manufactured.
Equality of Zambian pound with pound sterling was saved before pound sterling devaluation in November, 1967 on January, 16th, 1968 transferring to a decimal monetary system is carried out. The new monetary unit declares the kwacha divided into 100 ngwee in equivalent 10 Zambian shillings.
The Face side of the note in nominal value of 20 000 kwachas (the size - 145 x 70 mm, primary colours - violet, olive) is decorated by the plotting of an eagle on a branch, a tree and the State Emblem of Zambia in a disk, on the back are represented a sculpture of the slave which breaks off chains, an antelope and miners. On face side of a denomination of denomination of 50 000 kwachas (the size - 145 x 70 mm, primary colours - blue, brown, orange and dark blue) also is seated the plotting of the eagle sitting on a branch, a tree and the State Emblem of Zambia in a disk, on the back it is possible to see all the same sculpture of the slave, and also a building of the National bank and the plotting of a leopard.
For protection of authenticity of notes the watermarks which are looking like a head of an eagle and a digital designation of nominal value, a diving protective thread with the microtext put on it which passes across the note are used and forms a dashed line, and the golden hologramme in the form of a map of Zambia, by its consideration under different angles the eagle, a digital designation of nominal value with an attachment is visible that "To".
In transfer from one of local dialects the name of the modern native currency of Zambia is meant by""freedom". Thus, the name of the native currency of Zambia symbolises spirit of freedom and national independence of this African country.
The Note of 20 kwachas though is in circulation, but in effect became more narrow the big rarity, therefore the majority of the large companies of retail trade the prices approximate to the proximate 50 kwachas at total sum account.
In 2003 Zambia became the first African country which has released polymeric notes (500 and 1000 kwachas).
It is updated 03.2012