{
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zambia's kwacha hits record low despite interest rate hike

The kwacha has continued its decline, hitting a record low of 27.4604 per dollar, despite the Bank of Zambia's recent 50 basis-point interest rate hike to 14% aimed at stabilizing the currency. This marks the currency's 16th consecutive session of losses, highlighting the challenges posed by a strong dollar and ongoing drought conditions.
bloomberg.com
Zambian Kwacha United States Dollar Bank of Zambia ZMB
Finance & Economy, Market Report
15:11 14.11.2024
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