Zambian Kwacha Rebounds as Central Bank Raises Reserve Ratio
- Currency had already fallen by more than 20% this year
- Bank of Zambia’s efforts may be short-term, as growth falters
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
Zambia’s kwacha staged a comeback on Tuesday after the central bank raised the amount of funds that commercial lenders must deposit at the institution.