Kwacha fights back
Published On February 8, 2024 » 625 Views» By Times Reporter » Business, Stories
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. Chipimo

By ANDREW MULENGA –
THE Kwacha has put up a spirited fight against the United States dollar since Monday, posting some semblance of stability since last Monday.
The Kwacha regained nearly K1 against the dollar following intervention by the Bank
of Zambia (BoZ).
Last week, the BoZ announced an increase in the minimum Statutory Reserve Ratio (SRR) on both local and foreign currency deposits by nine percentage points to 26 per cent from the previous 17 per cent.
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