atlasmara bank | Financial

Zambia

Details

Verified:
over 1 year ago
Altitude:
1139.5 masl
Contributor:
gabriel

Amenities

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Description

regular bank but can change money even without an account. better rates than the people on the street.

they do buy/sell Malawi kwacha.

best to sell all of your Zambia kwacha before you exit.

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I could change dollars to kwachas here but it took forever! There seem to be a currency exchange office just in front of the bank on your right side when exiting, yellow wall. Probably much faster and rate displayed was the same.

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We were not able to get Malawian Kwacha here and were advised to use the guys in the street.

WARNING: Be careful when exchanging money at the border and in the streets in Chipata. The guys will try to trick you in various ways e.g.
1) they tell you the exchange rate is 800 Malawi Kwacha for 1 USD, but when you do give them 50USD they only give you e.g. 20,000 Kwacha hoping to confuse you into thinking it’s the right amount
2) they come back after a few minutes telling you that you accidentally gave them a 5 USD instead of a 50 USD (they look very similar) trying to get you to give them a 50 in exchange for a 5.
3) after you’ve done the exchange they come back with a 20 or 50 dollar note with a tear or a ink mark on it telling you you gave it to them and they cannot accept it. Don’t take it back, they’re just trying to get you to take their bad notes.

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regular bank but can change money even without an account. better rates than the people on the street.

they do buy/sell Malawi kwacha.

best to sell all of your Zambia kwacha before you exit.

Report Check-In

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