If you’re planning a trip to Zambia, these are the most important money matters you need to know before you go:
-The Zambian currency is the Kwacha (ZMW). One Kwacha consists of 100 ngwee. Banknotes are in denominations of K100, 50, 20, 10, 5, and 2. Coins are in denominations of K1 and 50, 10, and 5 ngwee
-While foreign currency is widely accepted throughout Zambia, this may be a short-term reprieve so certain hotels and lodges (particularly Wilderness Safaris) prefer to use Kwacha for transactions. Visa (more so than American Express and MasterCard) is accepted at most hotels, lodges, and restaurants. When paying is foreign currency change is often given in Kwacha.
-Upon arrival in Zambia, you can exchange your currency at authorised banks and bureaux de change
-Tourists over the age of 18 may import the following items into Zambia without incurring customs duty: 400 cigarettes, 1.5L of spirits, and 2.5L of wine, personal goods to the value of US$1000
-Local currency and foreign currencies exceeding USD 5000 (or equivalent) must be declared when entering or leaving the country.
-Bank hours vary but – for the most part – banks are open from 08:30 to 14:30 on weekdays and from 08:25 to 10:30 on Saturdays