Can Zambia’s Kwacha appreciate to K15 per US dollar? This question has attracted attention from financial analysts and the public alike, as the local currency posted a robust 14.8% gain against the dollar in the first quarter of 2026. At the Bank of Zambia’s (BoZ) first quarter 2026 media briefing, Governor Dr. Danny Kalyalya announced that the Kwacha appreciated by 14.8% against the US dollar in Q1, a surge attributed to robust inflows from the mining sector and foreign financial institutions. Despite the local currency currently trading at K18.9 per US dollar, financial experts are optimistic that continued positive performance...
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