While the appreciation of the Kwacha to nearly K17 per US dollar has been welcomed as a positive economic indicator, it is simultaneously causing unease among exporters, who are seeing their competitiveness on international markets erode. Official reports seen by the Zambian Business Times (ZBT) indicate that, as of early 5th June 2026, the interbank exchange rate was trading between K17.65 and K17.95 per US dollar at most commercial banks. Further analysis of the Bank of Zambia’s Q1 report reveals that the Kwacha appreciated by 14% against the US dollar, driven by robust inflows from the mining sector and foreign...
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