Zambian law requires that all domestic transactions in Zambia be carried out using the local currency: kwacha. In an effort to reinforce the kwacha as the legal tender of Zambia, it is unlawful to quote, pay, or demand to be paid in foreign currency. Doing so can result in a fine or a ten year prison sentence. Foreign currency can still be legally exchanged.
On January 1, 2013, the local Zambian currency (kwacha) was rebased (dropping three zeros) and the new kwacha became legal tender and the medium of exchange. According to the Bank of Zambia, both old and rebased currencies will be accepted as legal tender until June 30, 2013. Following this conversion period, financial institutions will continue to exchange old currency for the rebased kwacha at no fee through December 31, 2013.
On May 5, 2013, the Zambian government signed Statutory Instrument 32 regarding Bank of Zambia (BOZ) Monitoring of Balance of Payments Regulations, which will become effective July 1. The new legislation focuses on monitoring foreign exchange transactions and imposes additional obligations on financial service providers and importers and exporters of goods and services regarding the reporting of transactions exceeding $10,000. Failure to properly report transactions covered by the regulations could result in the loss of foreign exchange and/or trading privileges, along with possible fines and imprisonment. The U.S. Embassy advises companies and foreign investors who may be affected to contact their financial service providers for additional information on how to comply with the new regulations.
You should carry a copy of your U.S. passport with you at all times so that, if questioned by local officials, you can provide proof of your identity and U.S. citizenship. Foreign tourists have frequently been the target of small-scale financial scams involving bogus “fees” to be paid to various Zambian officials and groups. You should make sure that you receive an official receipt from the Government of Zambia for any fines and duties you pay. Often, travelers will be told that the official does not have a receipt book or that this type of fine is not receipted. Polite but firm insistence on a Zambian government receipt will often result in these fines disappearing.
MasterCard and Visa cards are accepted at major supermarkets, restaurants, stores, and hotels in Lusaka and Livingstone (Victoria Falls). Credit card fraud is increasing in Zambia and there have been several cases involving fraudulent charges, including some at major hotels catering primarily to foreign visitors. Many businesses use carbonized paper documents to process payment. These documents are not secure and can pose a threat to cardholders. You should be cautious when using debit or credit cards at any point of purchase, especially if the transaction is not processed electronically. U.S. citizen travelers can withdraw money (in local currency) from ATMs in major cities in Zambia using their ATM cards or credit cards from the United States. Occasionally, banks lose their connections with the credit card exchanges, thus making withdrawals impossible. U.S. citizens have also been victims of ATM fraud, whereby criminals gain access to the U.S. citizen's pin number and make withdrawals. Zambian banks and bureaux de change will not accept dollar-denominated notes issued before 2000 (i.e., those without the larger, off-center portraits). Travelers’ cheques are generally not accepted by banks in Zambia.
Service providers in Zambia, including the tourism sector, are not subject to the same standards of safety oversight that exist in the United States; visitors should evaluate risks carefully. Large numbers of travelers visit tourist destinations, including South Luangwa National Park and Livingstone (Victoria Falls), without incident. However, U.S. citizens are advised to avoid rafting and other whitewater boating activities on the Zambezi River below Victoria Falls during the high-water season, February through June. During periods of high water, the Batoka Gorge section of the river becomes unpredictable and several tourists have been involved in fatal accidents. Please observe local or park regulations and heed all instructions given by tour guides. Even in the most serene settings, wild animals can pose a threat to life and safety. In particular, the baboons on the trails near Victoria Falls can be aggressive with tourists, and in one case led to a traveler’s death.
You are responsible for ensuring that you meet and comply with foreign entry requirements, health requirements and that you possess the appropriate travel documents. Information provided is subject to change without notice. One should confirm content prior to traveling from other reliable sources. Information published on this website may contain errors. You travel at your own risk and no warranties or guarantees are provided by us.