The official currency of Zambia is the Zambian Kwacha (ZMW).

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A major update for travelers is the introduction of the new "Heritage Series" of currency, which was officially launched by the Bank of Zambia on March 31, 2025. This beautifully designed new family of notes and coins celebrates Zambia's flora, fauna, and waterfalls.

• The Two Series: The new 2025 Heritage Series circulates alongside the older 2013 series, and both are legal tender. You will frequently receive a mix of both when getting change. Take a moment to familiarize yourself with both designs so you aren't caught off guard.

• Banknotes: The Heritage Series includes notes in denominations of K10, K20, K50, K100, K200, and a brand-new K500 note. The older series (which includes K2, K5, K10, K20, K50, and K100) is still widely used.

• Coins: Coin denominations are 5 Ngwee, 10 Ngwee, 50 Ngwee, K1, K2, and K5. In practice, the tiny Ngwee coins have very little purchasing power and are rarely used. However, the K1, K2, and K5 coins are incredibly common and useful for small purchases or tipping.

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Why ZMW and not ZMK?

If you are reading older travel blogs, you might see references to "ZMK." In 2013, Zambia underwent a currency revaluation to stabilize inflation, where 1,000 old Kwacha (ZMK) became 1 new Kwacha (ZMW). When you see ZMW, you are dealing with the current, official currency.

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Exchanging Money & Payments

Exchanging your money for the local currency is straightforward, but it's best done after you arrive since you generally cannot purchase Kwacha outside of Zambia.

• Where to Exchange: Use banks or official exchange bureaus (easily found in major Lusaka malls like Manda Hill or East Park) and some hotels. Never use street money changers—sticking to official points is the best way to get a fair rate and avoid counterfeit notes.

• ATMs: ATMs are widely available across Lusaka and tourist hubs like Livingstone. They readily accept international Visa and Mastercard debit/credit cards, making it easy to withdraw Kwacha as needed.

• Cash vs. Card: While credit and debit cards are increasingly accepted at larger supermarkets (like Shoprite or Pick n Pay), major hotels, and upmarket restaurants, cash is still king. You will absolutely need cash for local markets, small roadside shops, and taxi fares.

• Mobile Money: As mentioned in the connectivity guide, mobile money platforms like Airtel Money and MTN MoMo are the backbone of the local economy. If you get a local SIM, setting this up will make paying for everyday items seamless.

 

Practical Tips for Handling Money

To make your daily transactions smoother and stretch your budget, keep these tips in mind:

• Stockpile Smaller Notes: Break your K200 and K500 notes at larger supermarkets or hotels whenever possible. Carrying smaller denominations (K20, K50, and K100 notes) makes everyday purchases much quicker and avoids the awkward hassle of a vendor not having enough change.

• Keep Your Notes Clean: Ensure the cash you bring into the country (like USD) and the Kwacha you use are crisp. Many smaller vendors will refuse to accept notes that are badly torn, heavily creased, or dirty.

• Count Your Change: Mistakes happen, especially in bustling, crowded markets. Always take a second to verify your change before walking away.

• Understand Typical Costs: To give you a realistic idea of pricing, a simple, filling meal at a local eatery (like a traditional nshima restaurant) might cost around K100 to K150. A ride-hailing service (like Yango) across Lusaka will typically range between K70 and K150, depending on distance and traffic.

• Negotiate Politely: Bargaining is expected and part of the culture at informal craft markets. Keep the negotiation friendly, respectful, and lighthearted.