zambian monetary unit (Meaning)
Wordnet
zambian monetary unit (n)
monetary unit in Zambia
Synonyms & Antonyms of zambian monetary unit
No Synonyms and anytonyms found
zambian monetary unit Sentence Examples
- The zambian monetary unit is the kwacha, which is subdivided into ngwees.
- The Zambian kwacha is the currency of Zambia and is abbreviated as ZMW.
- The Zambian monetary unit has been in circulation since 1964, when it replaced the British pound sterling.
- The kwacha was initially pegged to the British pound, but it has since been devalued several times.
- The value of the kwacha has fluctuated over the years, but it has generally declined against major currencies such as the US dollar and the euro.
- The kwacha is legal tender in Zambia and is used for all transactions within the country.
- The Bank of Zambia is responsible for issuing and regulating the zambian monetary unit.
- The kwacha is available in coins and banknotes of various denominations.
- The largest denomination of the kwacha is the 500 kwacha note, while the smallest denomination is the 1 ngwee coin.
- The kwacha is also used as a medium of exchange in neighboring countries such as the Democratic Republic of the Congo and Malawi.
FAQs About the word zambian monetary unit
monetary unit in Zambia
No synonyms found.
No antonyms found.
The zambian monetary unit is the kwacha, which is subdivided into ngwees.
The Zambian kwacha is the currency of Zambia and is abbreviated as ZMW.
The Zambian monetary unit has been in circulation since 1964, when it replaced the British pound sterling.
The kwacha was initially pegged to the British pound, but it has since been devalued several times.
