Zambia's kwacha has emerged as the top-performing African currency against the U.S. dollar in 2024, surging by 13.8% to 22.8 against the dollar, according to LSEG data. This remarkable performance is attributed to the central bank's aggressive monetary policy tightening.

Central Bank Measures:

To counter the currency's decline and rising inflation, the central bank implemented measures such as raising commercial banks' reserve ratios and increasing interest rates.

Last November, the apex bank raised the statutory reserve ratio for deposits in both local and foreign currencies by 3 percentage points to 14.5%.

Analysts emphasize that the kwacha's sustained strengthening hinges on Zambia's ability to attract more foreign investment. Danny Greef, Co-Head of Africa at research firm ETM Analytics, remarked, "The kwacha's performance this year has been remarkable."

Challenges and Solutions:
Continue Reading: https://africafactszone.com/zambias-kwacha/

No be open branch for Zambia laidis?/

And We are here in Nigeria calling eachother
Agbado, obirodents and atikulooters


Who do us this thing abeg ?

Justwise how much for Zambian visa?

One head is better than two only in Nigeria. If you understand like the post.

As long as Africans keep on worshipping the American dollar, praying for foreign investors to come and exploit their talents, resources and refuse to trade with one another as they do with their colonial masters that control the lionshare of trade in finished goods; Africans' minds will never be free from slavery.

Its about Zambian Kwacha and not Nigeria. I was expecting to see a thread with detailed analysis comparing diff African currency but Obididents don already dey use the thread to curse their own nation



How do u open a thread to discuss a very different and very unrelated topic

Is this even normal??