Currency · Live data
Zambian Kwacha
ZMWZambia · Issued by Bank of Zambia
Price (USD)
—
Inflation (2024)
+14.99%
10y M2 change
+487%
M69 Score
0.6
Sovereign default 2020
Market Cap (USD)
—
via M2 · 2024
M2 (local currency)
205.27B ZMW
current LCU
CPI YoY (2024)
+14.99%
World Bank · annual
Country
Zambia
ISO 4217 · ZMW
Last Update
2026-04-25
Daily ingest · 02:00 UTC
Zambian Kwacha M2 money supply
Broad money in ZMW (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.
Zambian Kwacha inflation history
Annual CPI YoY since 2001 — World Bank consumer price index for Zambia. Inflation volatility is one of three inputs into the Money2069 sound-money score.
Purchasing power calculator
How much would your Zambian Kwacha be worth today if you'd held it since…?
100 ZMW in 2001 buys today
0.03 ZMWworth of goods
Lost 100% of purchasing power since 2001.
To match 2001 purchasing power, you need today
315,603.78 ZMW
69 years of cumulative inflation.
Calculation: cumulative product of (1 + CPI YoY) from the chosen year through 2024. Source: World Bank consumer price index (annual). Daily-refreshed.
Data sources & methodology
- FX (USD):
- Frankfurter / ECB · daily
- CPI YoY:
- World Bank FP.CPI.TOTL.ZG · annual
- M2 broad money:
- World Bank FM.LBL.BMNY.CN · annual (LCU)
- Market cap (USD):
- M2 / FX rate · daily
- 10-year M2 change:
- (M2 today / M2 10y ago) − 1
- M69 score:
- Weighted: CPI (50%), 10y M2 growth (40%), 1y FX stability (10%)
- Last fetched:
- 2026-04-25 16:07:51
- Country code (ISO 3166-1):
- ZMB
Note: Sovereign default 2020
Raw data: /api/v1/currencies/current/ZMW
Frequently asked questions
Who issues the Zambian Kwacha?+
The Zambian Kwacha (ZMW) is issued by Bank of Zambia. As the monetary authority for Zambia, it sets policy interest rates, manages foreign reserves, and controls the money supply.
What is the inflation rate of the Zambian Kwacha?+
Latest available consumer price inflation for the Zambian Kwacha: 14.99% YoY (2024). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.
Has the Zambian Kwacha been debased?+
Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 487% over the past decade. Combined with cumulative inflation, this is the gap between ZMW as accounting unit and ZMW as a store of value.
Is the Zambian Kwacha sound money?+
On the Money2069 0–100 sound-money scale, the Zambian Kwacha currently scores 0.6. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.
How does the Zambian Kwacha compare to gold or the US dollar?+
Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.
How often is this data updated?+
We pull fresh exchange rates daily from Frankfurter (ECB-sourced) and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.