geofreyngaga
JF-Expert Member
- Sep 7, 2014
- 658
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Zambia revalues kwacha
by removing three zeros
20 03, 2012 16:06 Category: Africa
According to an article in The Post Online
dated 23 January 2012, the government
of Zambia has agreed to Bank of Zambia
plans to revalue the currency by removing
three zeros from all denominations of the
kwacha. Currently the largest
denomination banknote is 50,000 kwacha
(US$9.75), which will become 50 kwacha
under the revaluation plan.
by removing three zeros
20 03, 2012 16:06 Category: Africa
According to an article in The Post Online
dated 23 January 2012, the government
of Zambia has agreed to Bank of Zambia
plans to revalue the currency by removing
three zeros from all denominations of the
kwacha. Currently the largest
denomination banknote is 50,000 kwacha
(US$9.75), which will become 50 kwacha
under the revaluation plan.