Zambian kwacha
The Kwacha (ISO 4217 code: ZMW) is the currency of Zambia. It is subdivided into 100 "Ngwee".
Zambia
In the mid-1970s, the price of copper, Zambia's principal export, suffered a severe decline worldwide. In Zambia's situation, the cost of transporting the copper great distances to market was an additional strain. Zambia turned to foreign and international lenders for relief, but, as copper prices remained depressed, it became increasingly difficult to service its growing debt. By the mid-1990s, despite limited debt relief, Zambia's per capita foreign debt remained among the highest in the world.