Kwacha definitions
| Word backwards | ahcawk |
|---|---|
| Part of speech | Noun |
| Syllabic division | kwa-cha |
| Plural | The plural of kwacha is kwacha. |
| Total letters | 6 |
| Vogais (1) | a |
| Consonants (4) | k,w,c,h |
The kwacha is the currency used in Zambia, a country located in southern Africa. One Zambian Kwacha is subdivided into 100 Ngwee. The currency code for the Zambian Kwacha is ZMW.
Kwacha banknotes and coins are issued by the Bank of Zambia, the country's central bank. The banknotes come in denominations of 2, 5, 10, 20, 50, and 100 Kwacha, while coins are available in 5, 10, and 50 Ngwee, as well as 1 Kwacha.
History of the Kwacha
The Zambian Kwacha was first introduced in 1968 to replace the Zambian pound. The name "Kwacha" comes from the Nyanja and Bemba words for "dawn," symbolizing a new beginning for the country's currency.
Value of the Kwacha
The value of the Kwacha fluctuates against major international currencies due to various factors such as inflation, economic stability, and global market trends. It is essential for travelers and investors to stay informed about the current exchange rate when dealing with the Zambian Kwacha.
Usage of the Kwacha
The Kwacha is widely accepted for transactions within Zambia, and it is recommended to exchange currency at local banks or authorized exchange offices. Major credit and debit cards are also accepted in urban areas, but cash is preferred in rural regions.
In conclusion, the Zambian Kwacha serves as the primary form of currency in Zambia, playing a significant role in the country's economy and daily transactions. Understanding the history, value, and usage of the Kwacha is essential for anyone visiting or doing business in Zambia.
Kwacha Examples
- I exchanged my dollars for kwacha before my trip to Zambia.
- The local market only accepts payment in kwacha.
- The value of the kwacha has been fluctuating due to economic instability.
- Can I get change for this bill in kwacha?
- The price of goods in the store is listed in kwacha.
- She donated a large sum of kwacha to the charity.
- The bank offers competitive rates for exchanging kwacha.
- The government announced new regulations regarding the use of kwacha.
- I need to withdraw some kwacha from the ATM.
- My hotel bill will be charged in kwacha.