zambian monetary unit
Definition
- Noun:
- The basic unit of currency in Zambia: A "Zambian monetary unit" is the standard unit of money used within the Republic of Zambia. It is the foundational element of the country's financial system.
Examples of Usage
- Noun:
- The kwacha is the primary Zambian monetary unit.
- Prices in the market are listed in the Zambian monetary unit.
Advanced Usage
- Legal tender: Refers to the official Zambian monetary unit that must be accepted for payment of debts.
- Only the official Zambian monetary unit is considered legal tender within the country's borders.
Variants and Related Words
- Kwacha (ZMW): The specific name of the Zambian monetary unit, subdivided into 100 ngwee.
- Ngwee: A subunit of the Zambian monetary unit, equivalent to one hundredth of a kwacha.
Synonyms
- Currency unit: A general term for the standard unit of money in any country.
- Unit of account: The standard monetary unit used to measure value and price.
Related Terms
- Zambian kwacha: The full name of the specific monetary unit.
- Monetary system: The broader financial structure of which the Zambian monetary unit is a part.
Noun
-
monetary unit in Zambia
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