Advertisement
Kwacha surges as central bank sells dollars for 2nd day
&format=webp)
A man displays a 50,000 Kwacha note in Lusaka January 23, 2012. REUTERS/Mackson Wasamunu
By 1000 GMT the kwacha had strengthened 9.18 percent to 13.8000 per dollar, its firmest level since October 28 according to Thomson Reuters data.
Advertisement
Zambia central bank continued offloading U.S. dollars into the foreign exchange market in a bid to support the copper producing nation's currency, two traders told Reuters on Thursday, lifting the unit by nearly 10 percent.
Advertisement
Bank of Zambia spokesman Kanguya Mayondi declined to comment.
Advertisement
Subscribe
Sportal WhatsApp
Advertisement
More from Pulse Ghana
&format=webp)
&format=webp)
&format=webp)
&format=webp)
&format=webp)
Advertisement