The currency of Zambia is the Zambian kwacha (ZMW). The kwacha, which means "dawn" in the local Nyanja language, was introduced in 1968, replacing the Zambian pound at a rate of 2 kwacha for 1 pound. The currency is subdivided into 100 ngwee. The kwacha has undergone several adjustments over the years and is used for everyday transactions, including trade and services across the country. Zambia's economy relies on various sectors such as mining, agriculture, and tourism, and the kwacha is vital for facilitating these economic activities.