kwacha


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kwa·cha

 (kwä′chə)
n. pl. kwacha
See Table at currency.

[Bemba and Chewa, dawn (used as a nationalist rallying cry in Malawi and Zambia, in reference to the anticolonial slogan new dawn of freedom) : kw-, infinitive pref. + -acha, to dawn.]

kwacha

(ˈkwɑːtʃɑː)
n
1. (Currencies) the standard monetary unit of Zambia, divided into 100 ngwee
2. (Currencies) the standard monetary unit of Malawi, divided into 100 tambala
[from a native word in Zambia]

kwa•cha

(ˈkwɑ tʃə)

n., pl. -chas.
the basic monetary unit of Malawi and Zambia.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.kwacha - the basic unit of money in Zambiakwacha - the basic unit of money in Zambia  
Zambian monetary unit - monetary unit in Zambia
ngwee - 100 ngwee equal 1 kwacha in Zambia
2.kwacha - the basic unit of money in Malawikwacha - the basic unit of money in Malawi  
Malawian monetary unit - monetary unit in Malawi
tambala - 100 tambala equal 1 kwacha in Malawi
References in periodicals archive ?
LUSAKA (CyHAN)- Zambia's currency, the kwacha, appreciated significantly on Friday following a state of nation address by President Edgar Lungu.
Zambia's kwacha has dropped to half of its value against the dollar this year.
THE 100,000 Kwacha purse - just over [euro]17,000 - is far short of the mega bucks Floyd Mayweather and Manny Pacquiao will earn in Nevada.
The Zambian kwacha has shed around 20% of its value over the last 18 months, and Edgar Lungu--who succeeded the populist president Michael Sata after his death--is under pressure to restart growth and create jobs in a stuttering and increasingly indebted economy.
Currently, forward markets exist for a few of the currencies, while currency futures are restricted to only four currencies - the Mauritian rupee, South African rand, Botswana pula - and the latest addition, the Zambian kwacha.
Banda was elected to office in the midst of a severe economic crisis in Malawi and immediately took steps to devalue the kwacha, Malawi's currency, and reign in government spending.
An IMF-backed devaluation of Malawi's kwacha currency has caused inflation to rise to over 35 percent per year.
Within a month of taking office, Banda devalued Malawi's currency, the Kwacha, by a third against the dollar as well as removing subsidies on fuel and other commodities - conditions set by the IMF to regain the aid lost under her predecessor - and as a result, the IMF awarded Malawi a three-year loan of 157 million dollars.
Zambia's Finance minister Alexander Chikwanda launched the new Kwacha notes assuring the citizens that the move to rebase currency was meant to address previous bouts of depreciation.
This, critics say, largely stems from President Mutharika's refusal to devalue the local currency, the Kwacha, which is among IMF conditionalities for the resumption of Extended Credit Facility (ECF) to Malawi.