What Decides Where the Kwacha Closes Each Day?
The kwacha’s closing rate is set by banks trading dollars with one another, not by the Bank of Zambia. Lubinda Sinyani explains who brings dollars in, who takes them out,…
Tag: exchange rate
The Kwacha’s October Slide: Why Copper Dollars Are Not Enough
The kwacha has weakened from K17.87 per dollar in June to about K19.9 despite copper near US$14,000 a tonne. Kelvin Chisanga on the fuel bill, the policy rate and the…
Why a Strong Kwacha Is Not Always Good News for Zambia
The kwacha is up 20% this year. It cuts import costs and inflation - but squeezes exporters, tourism and the government revenue base. Who wins, who pays, and why.