Convert Zambian Kwacha to Iranian Rial
Convert Zambian Kwacha (ZMW) to Iranian Rial (IRR) using daily updated exchange rates.
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Exchange Rate
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About Zambian Kwacha
The Zambian Kwacha (ZMW), meaning "dawn" or "freedom" in Nyanja, was redenominated in January 2013 at a rate of 1,000 old kwacha (ZMK) to 1 new kwacha (ZMW), eliminating the large denominations that had accumulated from years of inflation. The Bank of Zambia manages monetary policy. Zambia is Africa's second largest copper producer and copper accounts for the bulk of its export revenues, making the kwacha highly sensitive to global copper prices. Zambia became the first African nation to default on its debt in the post-pandemic era in 2020, and completed a debt restructuring process in 2023.
About Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, though Iranians commonly quote prices in tomans (1 toman = 10 rials). Due to decades of international economic sanctions and domestic monetary mismanagement, the rial has experienced catastrophic depreciation - losing over 99.9% of its value against the dollar since the 1979 Islamic Revolution. In 2020, the Iranian parliament approved a redenomination plan replacing 10,000 rials with 1 new toman, though full implementation has been slow. The Central Bank of Iran issues currency and manages monetary policy.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).