Zambian Kwacha

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The kwacha (ISO 4217 code: ZMK) is the currency of Zambia. It is subdivided into 100 ngwee. The name derives from the Nyanja and Bemba word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom". The name ngwee translates as "bright" in the Nyanja language. In 1968, bronze 1 and 2 ngwee and cupro-nickel 5, 10 and 20 ngwee were introduced, followed by 50 ngwee in 1969 (click for image). In 1982, copper-clad-steel replaced bronze. The 1 and 2 ngwee were struck until 1983, with production of the 5 and 10 ngwee ceasing in 1987 and that of the 20 ngwee in 1988. Nickel-brass 1 kwacha were introduced in 1989. In 1992, a new coinage was introduced consisting of nickel-plated-steel 25 and 50 ngwee and brass 1, 5 and 10 kwacha.