The Bank of Zambia (BoZ), the nation’s central bank, addressed concerns linked to the recent indication that Zambia’s foreign reserves had dropped by end of June to $5.8 billion at end of June 2026 from $6.2 billion in May 2026. This is after the revelation that at the end of June 2026, gross international reserves had declined to USD5.8 billion, equivalent to 4.4 months of import cover, from USD6.2 billion (5.2 months of import cover) at the end of March, having reached US$6.5 billion, equivalent to 4.9 months of import cover at the end of May. The Bank of Zambia...
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