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Country: Zambia, Republic Of Zambia
Capital: Lusaka
Currency: Zambian Kwacha
Numeric code: 967
Letter code: ZMW
Northern Rhodesia until 1964, the Republic of Zambia, located in the southern part of African continent. The country is in the Commonwealth of Nations. The basis of the income of a country with a population of ten million is the export of copper. In recent years, Zambia has exported tobacco, coffee, fruits, sugar. Is also under development gems.
Modern currency of Zambia is the Kwacha, which means in local language "freedom". Kwacha is divided into a hundred ngwee. In the catalogue of coins Zambia there are 1, 5 and 10 kwacha, plus a bargaining chip in 25 and 50 ngwee. Kwacha in 1968 replaced the Zambian pound. The price of coins Zambia 1 Kwacha was equivalent to a half pound. The country began minting coins with trivia – ngwee: bronze (1 and 2) and copper-Nickel (5, 10 and 20). A year later, the army ngwee coins joined the "fifty dollars". In 1982, bronze coins replaced copper-plated steel.
1 and 2 ngwee ceased to be minted in 1983, 5 and 10 ngwee in 1987, and in 1988, the same fate befell the 20 ngwee. The following year appeared the Nickel-brass 1 kwacha.
Coins of Nickel-plated steel 25 and 50 ngwee and 1, 5 and 10 kwacha from brass heralded in 1992 with the opening of a new coin series. But the value of the coins Zambia a very reduced inflation, so in everyday life they are not used. And now to meet and to buy coins in Zambia only in souvenir shops.
