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Zambia is officially a "Christian nation" under the 1996 constitution, but recognizes and protects freedom of religion. [97] Zambia is the only African nation to designate Christianity as a state religion. [98] The Zambia Statistics Agency estimates that 95.5% of Zambians are Christian, with 75.3% Protestant and 20.2% Roman Catholic. [99]
The value of Zambian currency dropped following redenomination; the exchange rate was 22 kwacha to one U.S. dollar in April 2021. After the 2021 Zambian general election saw a defeat for Edgar Lungu , the currency's depreciation was reversed; as of 27 August 2021 [update] one U.S. dollar was exchanged for about 16 kwacha. [ 5 ]
Zambian exports in 2006. Zambia is a developing country, and it achieved middle-income status in 2011.Through the first decade of the 21st century, the economy of Zambia was one of the fastest-growing economies in Africa, and its capital, Lusaka, the fastest-growing city in the Southern African Development Community (SADC). [18]
The current paper note, first issued in 2013, features the Freedom Statue in Lusaka, the issuing authority [2] of legal tender currency in Zambia. In the middle there is the National Assembly ; the face value of the banknote is shown in words in the lower left corner, and in numerals in the other three corners, and the new printer imprint of ...
Currency of Zambia 1964 – 1968 Succeeded by: Zambian kwacha Ratio: 2 kwacha = 1 pound This page was last edited on 2 December 2024, at 21:12 (UTC). Text is ...
Lusaka (/ l uː ˈ s ɑː k ə / loo-SAH-kə) is the capital and largest city of Zambia.It is one of the fastest-developing cities in southern Africa. [7] Lusaka is in the southern part of the central plateau at an elevation of about 1,279 metres (4,196 ft).
Many African countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same. Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar ).
The Bank of Zambia K50 note is a denomination of the Zambian currency.The current paper note was first issued in 2013 and in 2014 a new note was released a commemorative note to commemorate Zambia's 50th Independence anniversary.