Kwacha ‘Bleeds’ Against Dollar, Pound

The kwacha has further depreciated against the US dollar and British pound, now running towards the K14 mark and beyond K17 respectively.

Commercial banks are quoting the US dollar at an average of K13.50 while the British pound is around K17.60, racing towards K18.

Some bureaus are already quoting the US dollar at K14.

Market experts recently said the local currency was likely to continue with its depreciating trend in the short term.

This means possibilities of the kwacha reaching K15 per dollar are not far-fetched, the experts said.

The post Kwacha ‘Bleeds’ Against Dollar, Pound appeared first on Zambia Reports.

Pin It

Leave a Reply

Your email address will not be published. Required fields are marked *