Zambia is a southern African country with Lusaka as its capital.

The currency of Zambia is the kwacha. The name kwacha derives from the Nyanja, Bemba, and Tonga language word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom". A kwacha is subdivided into 100 Ngwee. The name ngwee translates as "bright" in the Nyanja language.The terms thus symbolize the freedom of the country from the oppressive colonial rule of the Europeans.

Prior to independence in 1964 the Rhodesia and Nyasaland pound was the legal tender of the short-lived British protectorate of Northern Rhodesia. After independence, the Bank of Zambia issued the first Zambian currency, the Zambian pound.

On July 1, 1966, the government voted in favour of decimalisation, and changing the main currency unit to the kwacha. Thus, by January 16, 1968, all Zambian pound bills and coins were removed from circulation and replaced by the new kwacha bills, and ngwee coins.The kwacha is also the currency of Malawi and is divided into 100 tambala.

The currencies of Uganda, Somalia, and Tanzania are the shilling. Kenya is the other African country to use the shilling.

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