Most banks have ATM’s which accept Visa cards for cash. Nickel-brass 1 kwacha coins were introduced in 1989 and depicted "Bank of Zambia" on the edges. Each emission share similar general features in design throughout all the banknotes, with slight changes concerning the colors and the activity based theme on the reverse of the banknotes. You’ve heard of Dr Livingstone I presume (forgive the joke!). This might be strange to those of you who are used to ordering their currency before travelling to countries that are popular with tourists. ZAMBIA 20 KWACHA 1988 P 27 UNC (10 NOTES) 10 PCS. Banknotes of 10 shillings, 1, 5, and 10 pounds issued by the Central Africa Currency Board were in circulation, together with coins of ½, 1, 3, 6 pence, and 1, 2, 2½, and 5 shillings. Mining tower at the center, and conveyor belt on the left. The old currency unit was divided by 1000, hence, removing three zeros from the preexisting K50,000, K20,000, K10,000, K5,000, and K1,000. The Bank of Zambia announced January 1, 2013 as the changeover date. You might have been able to get hold of the kwacha coins if you asked for some while in the country, because they were usually sold to tourists who wanted to keep them. ZAMBIA 50 KWACHA (P37d) 2003 UNC . Since you are unlikely to be familiar with the exchange rate for the kwacha, you can use the ISO code to find it quickly on your chosen currency converter. $0.01. Watermark: President Kenneth Kaunda, Reverse: National Assembly building in Lusaka at center. The two currencies - the Rhodesia and Nyasaland pound and the Zambian pound, were allowed to circulate in parallel until December 15, 1965, when the South Rhodesian pound bills and coins were withdrawn from circulation, except for the 3 pence coin which was allowed to circulate alongside its Zambian alternative for a brief period. 0 bids. There are many day trips which leave Livingstone for surrounding attractions, including Victoria Falls. Online options are probably your only shot to be honest. After independence, the Bank of Zambia issued the first Zambian currency, the Zambian pound, in 1964. The official currency of Zambia is the Zambian Kwacha (ZMK) which fluctuates quite regularly. Perhaps the most famous sight in Zambia is the Victoria Falls. Try and get your cash from inside the bank if at all possible and take care. SET Zambia, 2;5 Kwacha, 2018, P-49-50-New, Upgraded Security UNC. [2], On July 1, 1966, the parliament approved the arrangements of the decimal currency system (Act 40 of 1966), changing the main currency unit to Kwacha, with one kwacha being equal to 100 ngwee. Commemorative Text: THE BIRTH OF THE SECOND REPUBLIC 13th DECEMBER 1972 How can I get this in pounds? However, the value of the metal in the coins is worth more than their irrelevant face value, so they are never seen or used in normal trade. [7] Such recommendations were initially approved by the government, being one of the measures required to address costs associated with the continuous devaluation of the national currency, due to depreciation throughout time, as a direct result of several years of high inflation rates that characterized the national economy during the late decades of the 20th century, and the early years of the 21st century. Since some users own several versions, the sum may be greater than 100%. Detailed information about the coin 1000 Kwacha (20€ Note; back design), Zambia, with pictures and collection and swap management : mintage, descriptions, … However the situation changed in 2013 when brand new coins were issued in the denominations mentioned above. Although the old 20 kwacha note was still in circulation until 2012, such is the rarity of this note that most major retailers rounded prices up to the nearest 50 kwacha when calculating a total. 1.2 Kwacha menya money magic! Incidentally until fairly recently the coins were no longer used in trade. ZAMBIA 20 KWACHA 1988 P 27 UNC (10 NOTES) 10 PCS. [11], Removal of three zeros from the denomination, "Zambia new 100-kwacha note (B164) confirmed", "Bank of Zambia hopes the introduction of new Kwacha notes will be done within 6 months", Presenntation to commercial banks: Identifying the genuine Zambian currency, "Bank of Zambia's Currency Rebasing Technical Guidelines dated August 2012", The Re-Domination of Currency Act 2012 - National Assembly of Zambia, https://en.wikipedia.org/w/index.php?title=Zambia_one_hundred_kwacha_note&oldid=982561720, Creative Commons Attribution-ShareAlike License, This page was last edited on 8 October 2020, at 22:29. Watermark: President Kenneth Kaunda. Banknote aus Sambia, 50 Kwacha, Kenneth David Kaunda, 1986, Banknote from Zambia, 50 kwacha, Kenneth David Kaunda, 1986. $3.50 shipping . As of Jan 2013, Zambia rebased the currency dividing by 1000. Aside from the national parks, the game and the famous falls, there are many other attractions and destinations worth seeing in the country. [10] During this period, the old currency was denoted by 'K', whilst the new one was denoted by 'KR'. The value of Zambian currency has continued to fall since redenomination; the exchange rate was 18 kwacha to one U.S. dollar as of July 2020[update][5]. These falls sit on the border where Zambia meets Zimbabwe. £1.00. As far as taking cash into the country to exchange is concerned, the US dollar is your best bet. There is also a unique depiction of wildlife in Zambia, together with an activity based theme on each reverse of the six banknotes. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US dollars, Euros or Pounds. It is classified as a UNESCO World Heritage Site and by one measurement it is the biggest waterfall in the world in terms of water. [7] The recommendations were assented to the parliament on November 3, 2012. It is the highest denomination of banknote issued by the Bank of Zambia since January, 2013[4] when the three zeros from the preexisting denomination K500, K1,000, K5,000, K10,000, K20,000 and K50,000 were removed. Later, The Redomination of Currency Act (Act 8 of 2012) was enacted on December 3, 2012. ZAMBIA 50000 Kwacha VF Banknote (2010) P-48f Prefix JH/03 Signature 12 . The second emission banknotes were exactly similar to these of the first emission, except for a slight difference, in which the dot (•) between the currency symbol and the face value was removed. At the very beginning, the kwacha was pegged to the pound sterling at a fixed rate of 1.7094 kwacha per 1 pound. They are not popular here and while you might get lucky and find somewhere to change them this is not a given. Third phase, 1187(? The reverse showed different activity based themes reflecting life in Zambia. ZAMBIA 1000 Kwacha 2008 *UNC* P-44f- Polymer. [13], The reverse features the Freedom Statue in Lusaka, the issuing authority of legal tenders in Zambia, Bank of Zambia, in the middle at the top, the face value of the banknote in words in the lower left corner, and in numerals in the other three corners. All banknotes have the same height of 70 mm, the 2 Kwacha, and 5 Kwacha banknotes are 170 mm wide, whilst the rest of the banknotes are 145 mm wide. Free shipping. Watermark: African fish eagle head, "Zambia : Banknotes [Series: 1964 ND Issue]", "Bank of Zambia - History of the Zambian Currency", "Zambia : Banknotes [Series: 1968 ND Issue]", "Zambia : Coins [Series: 1968~2012 - Kwacha - Circulation] [1/3]", "XE: USD / ZMK Currency Chart. After 1992, all notes have instead featured a fish eagle on the obverse. Terms and conditions ~
This website uses cookies, Some of the cookies we use are essential for the site to work. Going round in a clockwise direction you will also find Tanzania, Malawi, Mozambique, Zimbabwe, Botswana (but only just – the border here is tiny), Namibia and Angola. Watermark: None, Reverse: Farmer plowing field with tractor. The kwacha is a decimal currency and it has a subunit called the ngwee. Lot of 2 AR "Tetradrachms",2nd century BC. Have you tried online currency converter places? )-1260 or later, 1000 Kwacha on the street). (1000 ZMK). Watermark: President Kenneth Kaunda, Reverse: Portraits of the presidents of Zambia since independence in 1964 and until 2014, clockwise from top: Kenneth Kaunda, Levy Mwanawasa, Michael Sata, Rupiah Banda, and Frederick Chiluba. Each banknote features a unique indigenous tree from the abundant forests covering the country. Perhaps they would be your best bet. On January 23, 2012, the Bank of Zambia proposed certain measures in regards of the redenomination of the Zambian kwacha. Aside from this you can do a spot of shopping for souvenirs to take home with you. Zambia 1 2 5 10 20 50 kwacha 1980-88 set of 6 Uncirculated. On the same day, the new redenominated currency became the legal tender of Zambia. Unlike the previous commemorative banknotes and coins of Zambia, the new commemorative banknote was the first commemorative banknote allowed in circulation as a legal tender in the country, bearing the same features of the existing Fifty Kwacha bills. The common features are: the African fish eagle which considered, by far, the primary recognition feature on all the Zambian banknotes, together with the coat of arms, the signature of the Bank of Zambia Governor and obligation to pay the sum indicated on the banknote, and the face value of the specified banknote. Another two farmers plowing the same field with four oxen. £7.08. After the six-month period, the 'KR' symbol was dropped, and the new currency was referred to by the 'K' symbol. These two were struck until 1983, with production of the 5 and 10 ngwee ceasing in 1987 and that of the 20 ngwee in 1988. 1 First Issued, refers to the year of first issue of the actual banknote from the same emission. The market is fascinating to browse round, as are many of the local shops. These are now commonly used so the days of having them as mere souvenirs are over. Who did you get it changed up with in the first place? The recommendations were assented to the parliament on November 3, 2012. Commemorative Text: THE BIRTH OF THE SECOND REPUBLIC 13th DECEMBER 1972 It has borders with several other countries, starting with the Democratic Republic of Congo to the north. The Brits once had quite an influence in Zambia, and this was partially represented by Zambia’s albeit brief use of the Zambian pound (their version of the British pound). The first issue of the first kwacha was issued in 1968. Make sure all the notes you do take are $20 and above and change a reasonable amount at a time. This can lead to poor exchange rates and also in some cases the possibility of being ripped off, which no one will enjoy. 9 left. Otherwise we’d never get any cash back for the currencies we use while abroad. These reforms resulted in a reduction of the kwacha's gold standard by 7.8%. The series comprised five banknotes of 50 ngwee, 1, 2, 10, and 20 kwacha. Each emission share similar general features in design throughout all the ba… [1] A new design to depict the newly independent country's history and struggle was adopted. If you want to escape from the usual beach holidays and head somewhere you have never been before, Zambia can show you another side of life far closer to nature. Copyright © 04/11/2020 Alamy Ltd. All rights reserved. The lower denominations of K500, K100, and K50 were also divided by 1000 and were changed into the 1 Kwacha, 50, 10, and 5 Ngwee coins respectively. All these coins, both from the older and newer series still remain legal tender. The Zambia High Commission is located in London but if you would like to find out more about it and about the country as a whole, you don’t have to go there. [4][7] Such recommendations were initially approved by the government, being one of the measures required to address costs associated with the continuous devaluation of the national currency, due to depreciation throughout time, as a direct result of several years of high inflation rates that characterized the national economy during the late decades of the 20th century, and the early years of the 21st century. [3] Hi, I’m in the UK now and I have some Zambian kwacha worth about £200 in cash and none of the forex or banks or travel agents will take it. 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