Banknotes and Coins
The Bank of Zambia is the authority by law mandated to issue Zambian Currency banknotes and coins as legal tender. This is according to section number 4 of the Bank of Zambia Act 1996. The Bank is responsible to ensure that the public has confidence in their banknotes as a means of payment and a secure store of wealth.
The Zambian currency is known as the Zambian Kwacha and Ngwee (where 100 Ngwee is equal to K1). Zambia currently has six banknotes and four coins in circulation.
These are: K100, K50, K20, K10, K5, K2 banknotes K1, 50N, 10N, and 5N coins.