Kwacha remains resilient
Published On February 9, 2024 » 447 Views» By Times Reporter » Business, Stories
 0 stars
Register to vote!

By ANDREW MULENGA –
THE Kwacha yesterday remained resilient and traded below K27 per dollar with some level of stability following a measure by the Bank of Zambia (BoZ).
Last week, the BoZ announced the 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.
The selling price yesterday breached the K27 psychological barrier and began trading below that for the first time since November 2023.

Read more

Share this post
Tags

About The Author