Countries that use the Zambian Kwacha
The Zambian Kwacha was established in 2013 as an official national currency and is used only in Zambia. 1 Kwacha is devided into 100 Ngwee.
1.00 Zambian Kwacha = 0.084 US Dollar
Exchange rate history 1000 ZMW in USD
Zambian Kwacha as currency
Currency reserves for the Zambian Kwacha
According to the International Monetary Fund, the total broad money (M3) amounted to ZMW 54.08 billion at the end of 2017. For currency hedging, reserves were held in a total amount of 19.82 billion Kwachas. This corresponds to a ratio of 1:2.7. Or in other words: 1 of 3 Kwachas is deposited with a countervalue, which is internationally already above average.
All currency reserves are only held as foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions. There are no governmental gold stocks.
› Worldwide currency and gold reserves
All information without guarantee.