The study analyzed the money demand in Zambia from 1978 to 2018 using a special technique. The results showed that inflation and interest rates strongly affect how much money people want. In Zambia, money is essential, unlike in many other developing countries. Reforms in 1994 reduced the need for money, but people still hold more money over time. However, changes in interest rates may not be very effective in stabilizing the economy. The study also found that the money demand function in Zambia is stable.