Experts explain Kwacha rise
Published On February 19, 2024 » 445 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI –
SOME economic experts and stakeholders are enchanted by the recent rebound in the value of the Kwacha which reached its crescendo last Friday.
The local currency recovered the most last Friday, closing between K23 and 24 per United States (US) dollar after opening the day at between K26 and 27.
The appreciation has been attributed to the recent Bank of Zambia (BoZ) interventions and the positive outlook of the mining sector.
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