Kwacha’s Surprise Comeback: Real Strength or Temporary Relief?
In recent weeks, Zambia has witnessed a surprising yet welcome development: the Zambian kwacha has appreciated noticeable against the U.S. dollar. Trading around K26.88 per dollar in Mid-May, the local currency strengthened to nearly K24.25 per dollar by mid-June— representing a gain of over 9.8% within just a few weeks. For a currency that has […]
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In recent weeks, Zambia has witnessed a surprising yet welcome development: the Zambian kwacha has appreciated noticeable against the U.S. dollar. Trading around K26.88 per dollar in Mid-May, the local currency strengthened to nearly K24.25 per dollar by mid-June— representing a gain of over 9.8% within just a few weeks. For a currency that has […]
