UYI to ZMK

UYI - Uruguayan Peso (Indexed Units) (UYI)
ZMK - Zambian kwacha (ZK)
1 UYI1 ZMK

Currency conversion rates from UYI to ZMK

UYIZMK
1 UYI1 ZMK
5 UYI5 ZMK
10 UYI10 ZMK
20 UYI20 ZMK
50 UYI50 ZMK
100 UYI100 ZMK
250 UYI250 ZMK
500 UYI500 ZMK
1000 UYI1000 ZMK
2000 UYI2000 ZMK
5000 UYI5000 ZMK
10000 UYI10000 ZMK
ZMKUYI
1 ZMK1 UYI
5 ZMK5 UYI
10 ZMK10 UYI
20 ZMK20 UYI
50 ZMK50 UYI
100 ZMK100 UYI
250 ZMK250 UYI
500 ZMK500 UYI
1000 ZMK1000 UYI
2000 ZMK2000 UYI
5000 ZMK5000 UYI
10000 ZMK10000 UYI

UYI - ()

More information about UYI - ()


ZMK - Zambian Kwacha (1968–2012) (ZMK)

Zambian Kwacha (1968–2012)

The Zambian Kwacha is the currency of Zambia, issued by the Bank of Zambia. The name Kwacha derives from the Nyanja and Bemba word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom".

The Old Zambian Kwacha is the currency in Zambia (ZM, ZMB). The symbol for ZMK can be written ZK. The Old Zambian Kwacha is divided into 100 ngwee. The exchange rate for the Old Zambian Kwacha was last updated on May 24, 2019 from Yahoo Finance. The ZMK conversion factor has 4 significant digits.

Economy

  • Zambia's economy has experienced strong growth in recent years, with real GDP growth more than 6% per year since 2005.
  • Copper output has increased, thanks to copper mine privatization, higher copper prices and more foreign investment.
  • Record high copper prices and a bumper maize crop in 2010 helped Zambia rebound quickly from the world economic slowdown that began in 2008.
  • Poverty remains a significant problem in Zambia, despite its stronger economy. Almost 70% of Zambians live below the national poverty line (almost 80% in rural areas).
  • Zambia ranks among the world's poorest nations in a variety of economic and social statistics and surveys: GDP per capita, competitiveness, life expectancy, infant mortality, and so on. A high birth rate and relatively high rate of HIV/AIDS put further strain on the economy.

History

  • Zambia gained independence from Great Britain in 1964. In 1968, the Zambian Kwacha replaced the Pound at a rate of two Kwacha = 1 Pound.
  • Kenneth Kaunda was the first president of Zambia in 1964, and stayed in office until 1991. During his regime, the value of the currency was fixed at a rate of approximately 1.2 Kwacha to 1 US Dollar. Until 1991, all Zambian banknotes featured a portrait of Kaunda on the obverse side (his image was later replaced by an African fish eagle).
  • A severe economic crisis stemming from poor government oversight and overspending contributed to high inflation throughout the 1990s and 2000s. By 2006, it took 4,800 Kwacha to buy one US Dollar. The currency has more recently stabilized.

More information about ZMK - Zambian Kwacha (1968–2012) (ZMK)