gameficom| Zambian kwacha reaches 27.30 against the US dollar: down nearly 5% this year
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[Zambian Kwacha exchange rate against the US dollar hits historical low]
On Friday, the Zambian kwacha fell to 27 per cent against the US dollar.gameficom.30, hitting a record low, mainly due to hard currency shortages and power problems caused by ongoing drought.
So far this year, the Kwacha has fallen nearly 5% against the US dollar, and in the past six months, it has fallen as much as 17%.
Electricity shortages have caused Zambia, a country that relies on copper exportsgameficomSerious impact, further impactgameficomstability of the currency.
Investors need to pay close attention to the exchange rate trend of the Zambian Kwacha and its impact on relevant markets.
