The Zambian Kwacha has recently strengthened to around K18 per US dollar, prompting debate among foreign exchange analysts about whether it can continue appreciating and potentially breach the K15 per dollar rate. The currency’s recent gains have raised questions about whether there is a sustainable target rate, especially since this has come ahead of the August general elections. However, economic Experts have warned that the Kwacha remains vulnerable to external shocks, particularly due to Zambia’s reliance on imported products such as petroleum products. Copperbelt-based economist and policy analyst John Ng’andu told the Zambian Business Times (ZBT) that Zambia’s currency is...
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