Zambian Kwacha Extends Slide as Oil Importers Seek Dollars
The Zambian kwacha fell as much as 6% on Tuesday, its biggest daily drop in more than three years, as corporate demand for dollars weighed on this year’s top-performing African...
By Ray Ndlovu and Mpho Hlakudi · Bloomberg Markets
The Zambian kwacha fell as much as 6% on Tuesday, its biggest daily drop in more than three years, as corporate demand for dollars weighed on this year’s top-performing African currency.