Zambian Kwacha rebasing; the new currency in Zambia

Beware of the new currency introduced in Zambia on the 1st January 2013. The old money has lost three zeros to make life easier, especially for accounts keeping. One million Kwacha has become one thousand Kwacha with the same value. People are slowly getting use to the new paper bills and new coins called “ngwee”. Please, if you plan to come to Zambia, be sure to know the difference between the old 100 Kwacha and the new one. See below: on top is the old currency bill, still being used, which is worth 0.02 $ while the new 100 Kwacha at the bottom has a value of 20 $. Enjoy discovering the differences.

Zambian 100 Kwacha bank notes