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Zambian Kwacha

   

Zambia - Zambian Kwacha

1 Zambian kwacha = 100 Ngwe

International designation ZMK, home - ZK

Denomination banknotes in circulation: 20, 50, 100, 500, 1000, 5000, 10 000, 20 000 and 50 000

Value of coins in circulation 5 and 50 Ngwe, and 1, 5 and 10 kwacha

History

Its currency has a fairly interesting story, worth pointing out that the currency of the country appeared a long time, ie in 1943, it was a interesting and original face value of coins they differed on the image.

At the same time in the country, there are many other currencies, which went everywhere, but it did not cause anybody disturbances.

Thus, in the country but their own currency, there was a mass exchange, which was imported from neighboring countries.

Subsequently, there was a need for bank notes, which by the way decided to publish it in the country.

It was pretty interesting decision, but surrounding countries that have already burned in this decision and expect the lamentable result. Yet the result has surprised many currency of the country had a fairly nice and presentable design, as well as contain many elements of protection.

In general, the currency was a success.

It should also be noted that at the present time the country goes this is the currency, which subsequently went through only a single modification.

Currency is relatively stable, except that it is listed on the world financial market. But there is still mention that the country's inflation rate has recently occurred, and so we had to modify and issue currency notes is much higher ratings, that is, the nominal value.

Features

Currency can not be called truly special as it's pretty mediocre, and even then, it has quite a striking design, makes it possible to get close to world standards.

It is worth pointing out that security features bank note has a lot of that is virtually impossible to counterfeit bill.

Also on the front side there are several portraits of political figures, as well as on the right side is indicated not only the nominal value, and the sayings and political figures in the language of the country.

Additionally

It is worth saying that many tourists visit this country, but do not think that the tourism industry put on a proper level, since the state allocates very little money to support the modification and tourist complexes.

Currency exchange can be made at banks and exchange offices "forex", as well as at major hotels and the airport. Office "Forex" is most often offer the best exchange rate than banks.

Credit cards Visa, Mastercard, Access, American Express, Diners Club and Travelers Cheques are accepted at most hotels, shops and restaurants in Lusaka, but use them in other cities causes many problems.

The black market is not developed, the majority of street and market money changers are also used quite unfavorable exchange rate.