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 government of Zambia has announced that probes will be launched into reports of Washington-based group Global Financial Integrity (GFI) that the African country lost around 40 trillion Zambian Kwacha (approx.
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 amount will be drawn in multiple African currencies including: Nigerian Naira ( NGN ), Kenyan Shilling ( KES ), Zambian Kwacha ( ZMK ), Ghanaian Cedi ( GHS ), Mozambique Metical ( MZN ) and Tanzanian Shilling ( TZS ).The FRB is South Africa s third largest bank with a market share by total assets of 19.8 per cent as of December 31, 2011 and represents the banking interests of FirstRand.
The line of credit will be drawn in multiple African currencies including the Nigerian Naira, the Kenyan Shilling, the Zambian Kwacha, the Ghanaian Cedi, the Mozambique Metical and the Tanzanian Shilling.
As part of its Local Currency Initiative, the AfDB has issued, since 2005, a series of bonds denominated in or linked to the Botswana Pula, Ghana Cedi, Kenya Shilling, Tanzania Shilling, Uganda Shilling, Zambian Kwacha and the Nigerian Naira.
This program offers Zambian investors the opportunity to buy FQM DRs and to receive dividend payments in Zambian Kwacha.
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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