Zambia warns speculators the kwacha is on the up

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% gro

To continue reading...

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 indvidual account here: