May 22, 2024

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Zambian Currency, the Kwacha, Plunges to New Record Low Against US Dollar

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Zambian Currency, the Kwacha, Plunges to New Record Low Against US Dollar
Zambian Currency, the Kwacha, Plunges to New Record Low Against US DollarZambia’s worsening shortage of foreign exchange as well as one of its worst droughts in recent memory saw the local currency drop to a record low of K27.3 to the dollar. As explained in the report, the kwacha has lost as much as 17% in the past six months. Forex Shortages: The Impact of Drought […]