Zambia warns speculators the kwacha is on the up

Zambian currency will soon appreciate, says central bank

zambian-banknote

The Bank of Zambia (BoZ) yesterday warned currency speculators that the hard currency price of the Zambian kwacha is close to bottoming out, saying it expects the currency to appreciate soon in line with the country's improving economic fundamentals.

Low copper prices, which the BoZ said have averaged around $6,500 per tonne since the start of 2014, have played a large part in the drop in the kwacha's value. They have now recovered to almost $7,000, however.

The Zambian economy is set for 7%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.