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Money
Currency: Kwacha (K) = 100 ngwee. Notes are in denominations of K10,000, 5000, 1000, 500, 100, 50 and 20. Coins are in denominations of K1, and 50, 20, 10, 5, 2 and 1 ngwee.
Currency exchange: Exchange of foreign currency is carried out at authorised banks and bureaux de change.
Credit & debit cards: American Express is widely accepted, with more limited use of MasterCard, Diners Club and Visa. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: Widely accepted. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars, Euros or Pounds Sterling.
Currency restrictions: The import and export of local currency is limited to K100. Free import of foreign currency subject to declaration on arrival. The export of foreign currency is limited to the amount declared on import.
Note: Currency declaration forms and exchange receipts must be shown if purchasing airline tickets in Zambia.
Exchange rate indicators
The following figures are included as a guide to the movements of the Kwacha against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 6164.39 | 6844.06 | 8007.43 | 8120.49 | | $1.00= | 4230.00 | 4500.00 | 5063.50 | 5100.00 |
Banking hours: Vary from bank to bank, but most are open Mon-Fri 0815-1430.
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Terms and Conditions apply.
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