Zambian kwacha
The Kwacha (ISO 4217 code: ZMW) is the currency of Zambia. It is subdivided into 100 "Ngwee".
Zambia
Northern Rhodesia became the Republic of Zambia on 24 October 1964, with Kenneth Kaunda as the first president. At independence, despite its considerable mineral wealth, Zambia faced major challenges. Domestically, there were few trained and educated Zambians capable of running the government, and the economy was largely dependent on foreign expertise. This expertise was provided in part by John Willson CMG There were over 70,000 Europeans resident in Zambia in 1964, and they remained of disproportionate economic significance.