kwacha

 

The Kwacha has just depreciated massively to trade at K13: 55 per one US Dollar, according to Stanbic and Zambia National Commercial Bank exchange rates.

The British Pound is racing towards K18 per Pound.

In bureaux de change, One US Dollar is selling for more than K14.

It is expected that by the end of the week, the South African Rand will become stronger than the Kwacha. The Botswana Pula is already stronger than the Kwacha. During the rebasing of the Kwacha in 2012, the Kwacha became artificially stronger than the Rand and Pula.

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