Kwacha remains weak despite IMF bailout
Published On December 23, 2021 » 988 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI –
THE Kwache, which strengthened after Zambia reached the International Monetary Fund (IMF) staff level agreement, posting more than nine per cent appreciation, has changed course and traded on the back foot.
Having opened the week at K16.16/16.21 against the United States
Dollars on the interbank, the local unit weakened 1.6 to a week’s close of K16.42/16.47,according to the latest Zanaco market update.

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