Tag Archives: dollar

Kwacha continues bearish run against dollar

THE Kwacha continued its bearish run against the United States (US) dollar as demand for the greenback from interbank players saw the local currency lose 40 Ngwee on the day. Having opened trading at between KR5.290 and KR5.310 on the … read more »

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Kwacha trades slightly firmer against dollar

THE local currency traded slightly firmer against the US dollar yesterday following increased greenback inflows in the market last week. The kwacha traded at K5.290 to a dollar by mid-morning yesterday, up slightly from Friday’s close at K5.295. The currency … read more »

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Kwacha loses 2 Ngwee against dollar

THE Kwacha yesterday, lost two Ngwee as it continued its bearish run against the United States dollar, Zanaco daily newsletter has said. The Kwacha opened the market at KR5.270/5.290, Two Ngwee lower than Friday’s closing level of KR5.250/5.270. It then … read more »

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Rebased Kwacha falls against the US dollar

The kwacha slipped significantly by mid- morning, trading at KR5.33 ( K5, 330) against the greenback after Tuesday’s close of KR5.156 ( K5156) by Lusaka based bureaux. On the central bank, little changed with the kwacha buying and selling at … read more »

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Kwacha Weakens Before Rebasing on Jan. 1

Zambia’s kwacha weakened against the dollar before its rebasing tomorrow. The currency of Africa’s biggest copper producer depreciated 0.4 percent to 5,206 per dollar at 8:01 a.m. in Lusaka, the capital. The kwacha may retreat further at the start of … read more »

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Kwacha climbs to a six- week high against the dollar

Zambia’s kwacha climbed to a six- week high against the dollar, making it the best performer worldwide today, after the central bank cut the amount of foreign currency commercial lenders can expose themselves to. The currency of Africa’s biggest copper … read more »

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Zambia to Sell First International Bond of $1 Billion

Zambia, Africa’s biggest copper producer, plans to sell its first international bond this year, raising $1 billion for rail and power projects, Finance Minister Situmbeko Musokotwane said in an interview with CNBC Africa.

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