Definition of kwacha in English:

kwacha

noun

  • The basic monetary unit of Zambia and Malawi, equal to 100 ngwee in Zambia and 100 tambala in Malawi.

    • ‘Court documents show the main charge against him is the theft of 15 billion kwacha in cash from the Zambia National Commercial Bank in Lusaka.’
    • ‘You should have seen the look on my wife's face when I slapped my Zambian kwachas on the table.’
    • ‘This has seen such positive indicators as a narrowing trade deficit, gains in export earnings for some sectors and a firming of the kwacha.’
    • ‘Economics Association of Zambia vice-president Ernest Mwape has called for an accelerated economic diversification process as a means to strengthen the kwacha and maintain low inflation levels.’
    • ‘The strikers are demanding a salary increase, better working conditions and back pay totalling 16 billion kwacha.’
    • ‘A spokesman for the strikers pointed to the millions of kwacha spent by government ministers in addressing political meetings and the increase in expenses that MPs have just voted themselves.’
    • ‘If the workers can't get 6.5 million kwacha what possibility is there that they will ever get their money?’
    • ‘Several members of Parliament owe the FRA millions of kwacha in unpaid fertiliser and seed loans.’
    • ‘He said his company would continue quoting in Kwacha and the prices would remain stable even when the rate of the kwacha fluctuated against other currencies.’
    • ‘The anti-retroviral drugs cost around 90 000 kwacha and the government has been criticised for charging a levy.’
    • ‘I had handed the girl four hundred dollars and she gave me thirty eight thousand kwachas.’
    • ‘A 50 kg bag of maize costs 1 000 Malawian kwacha compared to 100 kwacha ten years ago.’
    • ‘In the last decade, the economy has gone downhill, the value of the kwacha has declined, and the rate of inflation is high.’
    • ‘The local elections were expected to cost 300 billion kwacha, which could be used to fund hospitals and maintain roads, he added.’
    • ‘Zambian President Levy Mwanawasa has ordered a probe into reports that State House, his office and residence, spent two billion kwacha on beverages in a year, state television reported on Friday.’
    • ‘This is already evident with reference to what has happened in the kwacha's relationship with the major convertible currencies.’
    • ‘This week, the market is expected to look for cues from the dollar supply and demand levels to determine the kwacha's direction, which could go either way.’
    • ‘The basic monthly take-home salary of Zambia's teachers and nurses is 300,000 kwacha.’
    • ‘Chiluba is currently facing trial for 65 counts of theft including that of 15 billion kwacha in cash from the Zambia National Commercial Bank in Lusaka.’
    • ‘He said, however, that some entrepreneurs had not realised the real meaning of the appreciation of the kwacha and, as such, had not taken advantage of the development to import equipment for their operations.’

Origin

Bemba, dawn: previously used as a Zambian nationalist slogan calling for a new “dawn” of freedom, later applied to the currency of the newly independent state.

Pronunciation:

kwacha

/ˈkwäCHə/