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

3 thoughts on “Zambian Kwacha rebasing; the new currency in Zambia

  1. Pingback: SAP Blog has reached 30000 hits | Missionaries of Africa – SAP Province

    1. mafrsaprovince

      As of today the 30th November 2015, the value of the Zambian kwacha is about 9 or 10 kwacha for one US $. Few weeks ago, it went up to 14 kwacha for the dollar. At the moment, it is quite unstable. The difference between the old currency and the new one is simple. The government erased three 000 on paper notes. 100,000 old kwacha became 100 new kwacha with new designs.

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