Zambian Kwacha


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Zambian Kwacha

The currency of Zambia. It was introduced in 1968, replacing the Zambian pound. It has suffered from high inflation throughout its history.
References in periodicals archive ?
He said, now that the Zambian kwacha is gaining marginal values, "some hotels have been reducing the kwacha prices, which is an advantage for local tourists.
He claimed the new mine owners, and other foreign investors, are siphoning foreign exchange out of the country causing the Zambian kwacha value to fall sharply, and that it was disheartening that, since the sale of the mines, the amount of foreign exchange entering the Zambian economy had declined.
The main risk for foreign investors is the possibility of a steep devaluation, as with Zimbabwean dollar or Zambian kwacha in 1998.
The Zambian kwacha, which had strengthened from ZK 549.82=$1 in mid-June 1992 to ZK347.29=$1 in mid-October, has weakened in the past quarter.
The detectives also recovered, Zambian Kwachas and over 100 kilograms of fake Gold nuggets.
class="MsoNormal"An early morning raid by @DCI_Kenya along Kiboko/Mukoma road led to the recovery of millions of fake US Dollars, Zambian Kwachas and over 100 kilograms of fake Gold nuggets.
Bank of Zambia said in a statement that it was illegal to price goods and services in foreign currencies if input costs are not in Zambian kwachas.

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